A B 1 C E LL F G Stockton Mineral Operations, Inc. (SMO), currently has 540,000...

Transcribed Image Text:

A B 1 C E LL F G 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: 2 a. SMO has a 5-for-3 stock split? 3 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). st 4 Input Area: 5 6 Shares outstanding 540,000 7 Stock price $83.00 8 a. Stock split 5 for 3 9 b. Stock dividend percent 15.00% 10 c. Stock dividend percent 42.50% 11 d. Stock split (shares) 4 for 12 13 (Use cells A6 to F11 from the given information to complete this question.) 14 Output Area: 15 16 17 a. Stock split 18 b. Stock dividend 19 c. Stock dividend 20 d. Stock split 21 e. a. New shares outstanding 22 b. New shares outstanding 23 c. New shares outstanding 24 25 26 d. New shares outstanding 37 J A B 1 C E LL F G 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: 2 a. SMO has a 5-for-3 stock split? 3 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). st 4 Input Area: 5 6 Shares outstanding 540,000 7 Stock price $83.00 8 a. Stock split 5 for 3 9 b. Stock dividend percent 15.00% 10 c. Stock dividend percent 42.50% 11 d. Stock split (shares) 4 for 12 13 (Use cells A6 to F11 from the given information to complete this question.) 14 Output Area: 15 16 17 a. Stock split 18 b. Stock dividend 19 c. Stock dividend 20 d. Stock split 21 e. a. New shares outstanding 22 b. New shares outstanding 23 c. New shares outstanding 24 25 26 d. New shares outstanding 37 J