Smo has a five-for-three stock split smo has a 15 percent, Financial Management

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Smo has a five-for-three stock split smo has a 15 percent

Simmons Mineral Operations, Inc. currently has 490,000 shares of stock outstanding that sell for $73 per share. Assuming no market imperfections or tax effects exists, what will the share price be after:

a. SMO has a five-for-three stock split?

b. SMO has a 15 percent stock dividend?

c. SMO has a 42.5 percent stock dividend?

d. SMO has a four-for-seven reverse stock split?

e. Determine the new number of shares outstanding in parts (a) through (d).

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Financial Management: Smo has a five-for-three stock split smo has a 15 percent

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Financial Management: Smo has a five-for-three stock split smo has a 15 percent

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