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Stockton Mineral Operations (SMO) currently has 510,000 shares of stock outstanding that sell for $84 per share. Assume no market imperfections or tax effects exist.
Stockton Mineral Operations (SMO) currently has 510,000 shares of stock outstanding that sell for $84 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. SMO has a five-for-three stock split. SMO has a 11 percent
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