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

Stockton Mineral Operations (SMO) currently has 550,000 shares of stock outstanding that sell for $88 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 15 percent stock dividend.
c. SMO has a 42.0 percent stock dividend.
d. SMO has a four-for-seven reverse stock split.
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