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Simmons Mineral Operations, Inc. (SMO), currently has 530,000 shares of stock outstanding that sell for $68 per share. Assuming no market imperfections or tax effects
Simmons Mineral Operations, Inc. (SMO), currently has 530,000 shares of stock outstanding that sell for $68 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.) New share price b. SMO has a 15 percent stock dividend? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) New share price C. SMO has a 42.5 percent stock dividend? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) New share price d. SMO has a four-for-seven reverse stock split? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) New share price 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 standing
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