Why might firms prefer to conduct stock repurchases through open-mar- ket operations rather than through fixed-price tender

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Why might firms prefer to conduct stock repurchases through open-mar- ket operations rather than through fixed-price tender offers? (LG7)

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Finance Applications And Theory

ISBN: 9780073530673

2nd Edition

Authors: Marcia Cornett, Troy Adair, John Nofsinger

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