Simmons Mineral Operations, Inc., (SMO) currently has 505,000 shares of stock outstanding that sell for...
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Simmons Mineral Operations, Inc., (SMO) currently has 505,000 shares of stock outstanding that sell for $80 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: a. SMO has a four-for-three stock split? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) 60.00 New share price b. SMO has a 20 percent stock dividend? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) New share price 66.67 c. SMO has a 42.5 percent stock dividend? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g, 32.16.) New share price 56.14 d. SMO has a three-for-seven reverse stock split? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) $ 186.67 New share price e. Determine the new number of shares outstanding in parts (a) through (d). (Do not round intermediate calculations and round your answers to the nearest whole number, e.g.32.) a. New shares outstanding b. New shares outstanding c. New shares outstanding d. New shares outstanding
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