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they would tender at different prices. The information they collected appears in the following table: . a . What is the average price that the
they would tender at different prices. The information they collected appears in the following table:
a What is the average price that the company will pay to buy back shares?
b Is the offer oversubscribed or undersubscribed?
c What percentage of the shares offered by stockholders that will be repurchased?
a The average price that the company will pay to buy back shares is $Round to the nearest cent.
Data table
Click on the following icon in order to copy its contents into a spreadsheet.
tableOffer Price,Total Shares Tendered$$$$$$
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