Simmons Mineral Operations, Incorporated (SMO), currently has 132,000 shares of stock outstanding that sell for $72 per
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Question:
Simmons Mineral Operations, Incorporated (SMO), currently has 132,000 shares of stock outstanding that sell for $72 per share. Assume no market imperfections or tax effects exist. |
1a. | What will the share price be after SMO has a eight-for-four stock split? |
1b. | What will the share price be after SMO has a 13 percent stock dividend? |
1c. | What will the share price be after SMO has a 44.5 percent stock dividend? |
1d. | What will the share price be after SMO has a four-for-nine reverse stock split? |
2a. | Determine the new number of shares outstanding in requirement 1(a). |
2b. | Determine the new number of shares outstanding in requirement 1(b). |
2c. | Determine the new number of shares outstanding in requirement 1(c). |
2d. | Determine the new number of shares outstanding in requirement 1(d). |
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