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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
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). a. Share price a. New shares outstanding b. Share price b. New shares outstanding c. Share price c. New shares outstanding d. Share price d. New shares outstanding
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