Describe the different mechanisms available to a firm for repurchasing shares There are three mechanisms: (Select the best choice below.) A. 1)In an open market repurchase, the firm repurchases the shares in the open market. This is the most common mechanism in the United States 2 n a ender offer, the firm announces he intention to repurchase a xe number o shares or a m e nce, con ti na on shareholders agreeing toen er heir shares. Even not enough, shares are tendered, the firm is obligated to repurchase the shares that are tendered. C. 2) In a tender offer, the firm announces the intention to all shareholders to repurchase a fixed number of shares for a fixed price, conditional on shareholders agreeing to tender their shares. If not enough shares are tendered, the deal can be cancelled. D. 3) A targeted repurchase is similar to a tender offer except that it is not open to all shareholders; only specific shareholders can tender their shares in a targeted repurchase