Simmons Mineral Operations, Incorporated (SMO), currently has 155,000 shares of stock outstanding that sell for $61 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 $12.20 1b. What will the share price be after SMO has a 16 percent stock dividend? New share price $52.59

Simmons Mineral Operations, Incorporated (SMO), currently has 155,000 shares of stock outstanding that sell for $61 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? 1b. What will the share price be after SMO has a 16 percent stock dividend? 1d. What will the share price be after SMO has a five-for-seven reverse stock split? 2a. Determine the new number of shares outstanding in requirement 1(a). 2b. Determine the new number of shares outstanding in requirement 1 (b). 2c. Determine the new number of shares outstanding in requirement 1(c). 2 d. Determine the new number of shares outstanding in requirement 1(d)