Question 1 (10 points) Listen Which of the following statement is correct? 1) per SEC rules, corporation must disclose identity to the selling shareholder in stock repurchase O2) in tender offer stock repurchases, the price per share is set at the stock price on the day of the tender offer announcement 3) a corporation cash dividend may be lower than the corporation spending on stock repurchases. 4) targeted stock repurchases are used primarily by insiders to gain more voting rights and control over the board. Question 2 (10 points) Listen The Kennesaw manufacturing Corp. board of directors passed a resolution approving payment to shareholders in the form of the corporation shares. This decision will decrease the value per share and increase the number of shares outstanding. This is most likely a: 1) cash dividend 2) stock split 3) stock repurchase 4) stock dividend