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Which of these are common characteristics of a tender offer? I. The offer can be canceled if less than the desired number of shares are

Which of these are common characteristics of a tender offer? I. The offer can be canceled if less than the desired number of shares are offered II. Sellers are unaware that the buyer is the issuer of the security III. The offers made by the sellers determine the price IV. The offer price is greater than the market price

II and III only

I and IV only

I, II, and IV only

III and IV only

II, III, and IV only

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