When a firm offers to buy its shares at a pre-specified price during a short time period, it is also known as a(n)

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The described scenario is known as an off-market buyback. In this type of buyback, the firm directly offers to buy its shares from shareholders at a pre-specified price for a short time period. This is different from an open market repurchase, which involves the firm buying its shares on the open market over an extended period of time. A selective buyback is when the firm only buys back shares from certain shareholders, and a scale-back refers to a situation when the demand for shares exceeds the number available for buyback, resulting in a reduction in the amount of shares each shareholder can sell to the firm.

When a Firm Offers to Buy Its Shares at a Pre-Specified