Stockton Mineral Operations, Inc. (SMO), currently has 540,000 shares of stock outstanding that sell for $83 per
Question:
Stockton Mineral Operations, Inc. (SMO), currently has 540,000 shares of stock outstanding that sell for $83 per share. Assuming no market imperfections or tax effects exist, what will the share price be after:
a. SMO has a 5-for-3 stock split?
b. SMO has a 15 percent stock dividend?
c. SMO has a 42.5 percent stock dividend?
d. SMO has a 4-for-7 reverse stock split?
Determine the new number of shares outstanding in parts (a) through (d).
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a SMO has a fiveforthree stock split New price per ...View the full answer
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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