Problem 14.06 – Stockton Mineral Operations (SMO) or Bermuda Triangle Corporation (BTC)
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Difficulty – Medium
Stockton Mineral Operations, Inc. (SMO) or Bermuda Triangle Corporation (BTC) currently has a certain number of shares of stock that sell for a certain price per share. Assuming no market imperfections or tax effects, what will the share price be after:
- SMO or BTC has a certain type of stock split?
- SMO or BTC has a certain percent stock dividend?
- SMO or BTC has a reverse stock split?
Calculate the new share price and the new number of shares outstanding for each scenario.
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