1. In a(n)___, a firm specifies a range of prices that it is willing to repurchase shares and the quantity of shares that it desires. a. Dutch auction b. Tender offer c. self- tender offer d. American option
2. Which of the following is a reason for a firm for repurchasing its shares? a. to make shares available for cash dividends

b. to make shares available for stock option plans

c. to diminish the shareholder value by increasing the number of shares outstanding and thereby raising earnings per share

d. to help encourage a friendly takeover by increasing the number of publicly traded shares

3. Current liabilities can be viewed as___ a. funds used to finance the noncurrent assets