Questions by okey43 - Page 34
Simmons Mineral Operations, Incorporated (SMO), currently has 158,000 shares of stock outstanding that sell for $65 per share. Assume no market imperfections or tax effects exist 1a. What will the share price be after:a.SMO has a five-for-three stock split? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)New share price$b.SMO has a 15 percent stock dividend? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)New share price$c.SMO has a 48.5 percent stock dividend? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)New share price$d.SMO has a three-for-seven reverse stock split? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)New share price$e.Determine the new number of shares outstanding in parts (a) through (d). (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.)a.New shares outstandingb.New shares outstandingc.New shares outstandingd.New shares outstanding