Simmons Mineral Operations, Incorporated (SMO), currently has 149,000 shares of stock outstanding that sell for $62 per share. Assume no market imperfections or tax effects exist. 1a. What will the share price be after SMO has a five-for-one stock split? . What will the share price be after SMO has a 17 percent stock dividend? . What will the share price be after SMO has a 44.5 percent stock dividend? . What will the share price be after SMO has a six-for-seven reverse stock split? . Determine the new number of shares outstanding in requirement 1(a). Determine the new number of shares outstanding in requirement 1(b). . Determine the new number of shares outstanding in requirement 1(c). Determine the new number of shares outstanding in requirement 1(d).
