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Determine the new number of shares outstanding

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Reference no: EM131986275

Question - Peter 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).

Reference no: EM131986275

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