Starcourt Industries wants to repurchase 100,000 shares at $80 a share through a tender offer. Shareholders responded by offering 200,000 shares at $80 a share. Assume you are a shareholder and offered your 5000 shares as part of the shareholder response. How many of your shares should you expect Starcourts to purchase?

4,000

10,000

5,000

0

2,500