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Simmons Mineral Operations, Incorporated ( SMO ) , currently has 1 6 4 , 0 0 0 shares of stock outstanding that sell for $

Simmons Mineral Operations, Incorporated

(

SMO

),

currently has

164, 000

shares of stock

outstanding that sell for $

56

per share. Assume no market imperfections or tax effects

exist.

1

.

What will the share price be after SMO has a six

-

for

-

two stock split?

New share price

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