Question
Simmons Mineral Operations, Inc., (SMO) currently has 470,000 shares of stock outstanding that sell for $70 per share. Assuming no market imperfections or tax effects
Simmons Mineral Operations, Inc., (SMO) currently has 470,000 shares of stock outstanding that sell for $70 per share. Assuming no market imperfections or tax effects exist, what will the share price be after:
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c. | SMO has a 51.5 percent stock dividend? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) |
d. | SMO has a three-for-seven reverse stock split? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)
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