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Stockton Mineral Operations, Incorporated, ( SMO ) currently has 4 6 5 , 0 0 0 shares of stock outstanding that sell for $ 6
Stockton Mineral Operations, Incorporated, SMO currently has shares of stock outstanding that sell for $ 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 decimal places, eg and shares outstanding answers to the nearest whole number, eg
a SMO has a fiveforthree stock split?
b SMO has a percent stock dividend?
c SMO has a percent stock dividend?
d SMO has a fourforseven reverse stock split?
e Determine the new number of shares outstanding in parts a through d
Answer is complete but not entirely correct.
tablea Share price,$a New shares outstanding,,b Share price,$b New shares outstanding,,c Share price,$
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