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Simmons Mineral Operations, Incorporated (SMO), currently has 149,000 shares of stock outstanding that sell for $62 per share. Assume no market imperfections or tax effects
Simmons Mineral Operations, Incorporated (SMO), currently has 149,000 shares of stock outstanding that sell for $62 per share. Assume no market imperfections or tax effects exist. 1a. What will the share price be after SMO has a five-for-one stock split? New share price 1b. What will the share price be after SMO has a 17 percent stock dividend? New share price 1c. What will the share price be after SMO has a 44.5 percent stock dividend? New share price 1d. What will the share price be after SMO has a six-for-seven reverse stock split? New share price 2a. Determine the new number of shares outstanding in requirement 1(a). New shares outstanding 2b. Determine the new number of shares outstanding in requirement 1(b). New shares outstanding 2c. Determine the new number of shares outstanding in requirement 1(c). New shares outstanding 2d. Determine the new number of shares outstanding in requirement 1(d). New shares outstanding
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