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Ivy · 2022年06月24日

请问老师B和C有什么区别

NO.PZ2016021705000058

问题如下:

If a companys objective is to support its stock price in the event of a market downturn, it would be advised to authorize:

选项:

A.

an open market share repurchase plan to be executed over the next five years.

B.

a tender offer share repurchase at a fixed price effective in 30 days.

C.

a Dutch auction tender offer effective in 30 days.

解释:

A  is correct.

Of the three methods, only an authorized open market share repurchase plan allows the company the flexibility to time share repurchases to coincide with share price declines.

请问老师B和C有什么区别

1 个答案

王琛_品职助教 · 2022年06月27日

嗨,爱思考的PZer你好:


1

选项 B 是以固定价格回购固定数量的股票

例如,如果一只股票的股价是每股 37 元,一家公司可能会提出以 40 元的价格,向现有股东回购股票

选项 C 是 荷兰式拍卖,和 B 的相同点,都是对现有股东的要约收购

不同点是,公司不是为特定数量的股份规定一个固定的价格,而是规定一个可接受的价格范围 "a range of acceptable prices"

例如,如果股票价格是每股 37 元,公司将提出在每股 38 元至 40 元的范围内回购股票

2

这道题的解题思路,也请参考:https://class.pzacademy.com/qa/64656

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