Which of these are common characteristics of a tender, Financial Management

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Which of these are common characteristics of a tender

Which of these are common characteristics of a tender offer?

I. The offer can be canceled if less than the desired number of shares are offered

II. Sellers are unaware that the buyer is the issuer of the security

III. The offers made by the sellers determine the price

IV. The offer price is greater than the market price

II and III only

I and IV only

I, II, and IV only

III and IV only

II, III, and IV only

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