Tender Offer Repurchase Is a Repurchase Program in Which a Firm

Multiple Choice

Tender offer repurchase is a repurchase program in which a firm ________.

A) offers to repurchase a fixed number of shares, usually at a discount relative to the market value
B) offers to repurchase a fixed number of shares, usually at a premium relative to the market value
C) offers to repurchase a fixed number of shares, usually at par relative to the market value
D) has a right to repurchase a fixed number of shares at a premium relative to the market value