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).