Question
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.
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. SMO has a five-for-three stock split. SMO has a 15 percent stock dividend. SMO has a 42.0 percent stock dividend. SMO has a four-for-seven reverse stock split.
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