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There is a tender offer to repurchase 1,000,000 shares at $50.5 shareholders (group A) each say they are willing to sell 200,000 and 5 shareholders (group B) say thay are each willing to sell 500,000 shares at $50. How many shares will each shareholder in group A get to sell? Group B?

There is a tender offer to repurchase 1,000,000 shares at $50.5 shareholders (group A) each say they are willing to sell 200,000 and 5 shareholders (group B) say thay are each willing to sell 500,000 shares at $50. How many shares will each shareholder in group A get to sell? Group B?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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There is a tender offer to repurchase 1,000,000 shares at $50. 5 shareholders (group A) each say they are willing to sell 200,000 and 5 shareholders (group B) say thay are each willing to sell 500,000 shares at $50. How many shares will each shareholder in group A get to sell? Group 16 B?
Transcribed Image Text:There is a tender offer to repurchase 1,000,000 shares at $50. 5 shareholders (group A) each say they are willing to sell 200,000 and 5 shareholders (group B) say thay are each willing to sell 500,000 shares at $50. How many shares will each shareholder in group A get to sell? Group 16 B?
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