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Stockton Mineral Operations, Incorporated, ( SMO ) currently has 4 7 5 , 0 0 0 shares of stock outstanding that sell for $ 8

Stockton Mineral Operations, Incorporated, (SMO) currently has 475,000 shares of stock
outstanding that sell for $80 per share. Assume no market imperfections or tax effects
exist. Determine the share price and new number of shares if: (Do not round
intermediate calculations. Round your price per share answers to 2 decimal places,
e.g.,32.16, and shares outstanding answers to the nearest whole number, e.g.,32.)
a. SMO has a four-for-three stock split?
b. SMO has a 20 percent stock dividend?
c. SMO has a 52.5 percent stock dividend?
d. SMO has a three-for-seven reverse stock split?
e. Determine the new number of shares outstanding in parts (a) through (d).
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