A COMPANY IS DECIDING TO REPURCHASE 5 MILLION SHARES OF STOCK THAT...

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A company is deciding to repurchase 5 million shares of stock that has a current price of $49.50. Below is the forecasted information of shares available for purchase. Which of the following repurchase methods will most likely result in the average repurchased cost being $49.80? Number of Shares Available for Purchase Price(in millions)$50.00 9.00$49.90 5.00$49.80 3.00$49.70 1.00$49.60 0.50$49.50 0.50A. Dutch auction B. Open market repurchase C. Fixed-price tender offer