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Simmons Mineral Operations, Inc., (SMO) currently has 525,000 shares of stock outstanding that sell for $60 per share. Assuming no market imperfections or tax effects
Simmons Mineral Operations, Inc., (SMO) currently has 525,000 shares of stock outstanding that sell for $60 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: a. SMO has a four-for-three stock split? b. SMO has a 10 percent stock dividend? c. SMO has a 46.5 percent stock dividend? d. SMO has a four-for-seven reverse stock split? e. Determine the new number of shares outstanding in parts (a) through (d). a. New shares outstanding b. New shares outstanding c. New shares outstanding d. New shares outstanding
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