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Simmons Mineral Operations, Inc., (SMO) currently has 445,000 shares of stock outstanding that sell for $80 per share. Assuming no market imperfections or tax effects

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Simmons Mineral Operations, Inc., (SMO) currently has 445,000 shares of stock outstanding that sell for $80 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: a. SMO has a five-for-three stock split? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Answer is complete but not entirely correct. New share price $ 16.00 b. SMO has a 25 percent stock dividend? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete and correct. New share price $ 64.00 Simmons Mineral Operations, Inc., (SMO) currently has 445,000 shares of stock outstanding that sell for $80 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: a. SMO has a five-for-three stock split? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Answer is complete but not entirely correct. New share price $ 16.00 b. SMO has a 25 percent stock dividend? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete and correct. New share price $ 64.00

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