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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 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 outstanding if:
Note: 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.
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