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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
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
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