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Which type of stock repurchase gives stockholders the highest premium, on average, for their tendered shares? O A. Open Market O B. English Auction O

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Which type of stock repurchase gives stockholders the highest premium, on average, for their tendered shares? O A. Open Market O B. English Auction O C. Fixed Price O D. Dutch Auction When a company buys back shares at a price above the fair value (P. >PR), then the price rises after the repurchase is complete. Assume an all equity company and no information effects. O True O False When a company buys back shares at a price equal to fair value (PR = P2), then the price remains unchanged after the repurchase. Assume an all equity company and no information effects. O O True False When a company buys back shares at a price below the pre- announcement level (P

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