A 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

Question

Quizplus · Accepted Answer

In a tender offer repurchase, a firm offers to buy back a fixed number of shares from shareholders, usually at a premium to the current market price, to incentivize shareholders to sell their shares back to the company.

A Tender Offer Repurchase Is a Repurchase Program in Which