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Tyler's Chicken Made a Tender Offer for 70 Percent of Julia's

Question 17

Multiple Choice

Tyler's Chicken made a tender offer for 70 percent of Julia's Turkey Company. Julia's Turkey Company has 10,000 shares outstanding. You are a shareholder of Julia's Turkey Company. If shareholders of Julia's Turkey tender 8,000 shares, and you tender 500 shares, how many of your shares will be accepted by Tyler's Chicken?


A) 350 shares
B) 438 shares
C) 500 shares
D) 560 shares

Correct Answer:

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