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Stockton Mineral Operations (SMO) currently has 340,000 shares of stock outstanding that sell for $97 per share. Assume no market imperfections or tax effects exist.
Stockton Mineral Operations (SMO) currently has 340,000 shares of stock outstanding that sell for $97 per share. Assume no market imperfections or tax effects exist. Determine the share price and new number of shares outstanding if: Note: 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 14 percent stock dividend. c. SMO has a 39.5 percent stock dividend. d. SMO has a four-for-seven reverse stock split. Answer is complete but not entirely correct. Stockton Mineral Operations (SMO) currently has 340,000 shares of stock outstanding that sell for $97 per share. Assume no market imperfections or tax effects exist. Determine the share price and new number of shares outstanding if: Note: 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 14 percent stock dividend. c. SMO has a 39.5 percent stock dividend. d. SMO has a four-for-seven reverse stock split. Answer is complete but not entirely correct
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