1. Which one of the following statements is TRUE?

   	a.	A targeted share repurchase can be used to encourage a hostile takeover.
   	b.	A shareholder-friendly charter will make it harder for a company to be acquired.
   	c.	An example of asset switching is an option to exchange one piece of real estate for another.
   	d.	A targeted share repurchase is when the company purchases stock from one shareholder at a higher price than it offers to other shareholders.
   	e.	Anti-takeover charter provisions are good for shareholders because they prevent a raider from stealing the company for a below-market price.