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Stanley Morton Operations, Incorporated (SMO), currently has 165,000 shares of stock outstanding that sell for $73 per share. Assume no market imperfections or tax
Stanley Morton Operations, Incorporated (SMO), currently has 165,000 shares of stock outstanding that sell for $73 per share. Assume no market imperfections or tax effects exist. 1a. What will the share price be after SMO has a six-for-two stock split? New share price 1b. What will the share price be after SMO has a 13 percent stock dividend? 2c. Determine the new number of shares outstanding in requirement 1(c). New share price 1c. What will the share price be after SMO has a 42.5 percent stock dividend? New share price 1d. What will the share price be after SMO has a five-for-nine reverse stock split? New shares outstanding New share price 2a. Determine the new number of shares outstanding in requirement 1(a). 2d. Determine the new number of shares outstanding in requirement 1(d). New shares outstanding 2b.Determine the new number of shares outstanding in requirement 1(b). New shares outstanding New shares outstanding
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