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Smo has a four-for-seven reverse stock split

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Simmons Minerals 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). Please show work.

Reference no: EM132355698

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