Simmons Mineral Operations, Inc. currently has 490,000 shares of stock outstanding that sell for $73 per share. Assuming no market imperfections or tax effects exists, 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?
e. Determine the new number of shares outstanding in parts (a) through (d).