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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 465,000 shares of stock outstanding that sell for $60 per share. Assume no market imperfections or tax effects exist. Determine the share price and new number of shares if: (Do not round intermediate calculations. Round your price per share answers to 2 decimal places, e.g.,32.16, and shares outstanding answers to the nearest whole number, e.g.,32.)
a. SMO has a five-for-three stock split?
b. SMO has a 10 percent stock dividend?
c. SMO has a 50.5 percent stock dividend?
d. SMO has a four-for-seven reverse stock split?
e. Determine the new number of shares outstanding in parts (a) through (d).
Answer is complete but not entirely correct.
\table[[a. Share price,$,36.00],[a. New shares outstanding,,55],[b. Share price,$,39.87],[b. New shares outstanding,,105],[c. Share price,$,775,000.00
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