Simmons Mineral Operations, Inc., (SMO) currently has 490,000 shares of stock outstanding that sell for $73 per share. Assuming no market imperfections or tax effects exist, calculate both the share price and number of outstanding shares 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 snlit?

Simmons Mineral Operations, Inc., (SMO) currently has 490,000 shares of stock outstanding that sell for $73 per share. Assuming no market imperfections or tax effects exist, calculate both the share price and number of outstanding shares 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 snlit?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 11P

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