(Solution) - Simmons Mineral Operations Inc SMO currently has 490 000 shares of -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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