The master manufacturing company has ust announced a tender offer for its own common stock master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. if the customer were to tender the shares held long, the customer is assured of receiving:

a. $0
b. $250
c. $1,875
d. $2,000 gain

correct option is A. $0

Explanation:

given data

buy up to =  100%

stock =  $20 per share

outstanding shares = at least 64%

stock closed  NYSE up =  2.50

price = $18.75

to find out

if the customer were to tender the shares held long, the customer is assured of receiving

solution

as per given we can say that since the offer is contingent =  at lest 64% of share tendered

so that here if customer decides to tender than customer can not assured of any gain or we can say customer has not assurance of being paid for any share

and if customer want to cash out the position tender is not appropriate because contingent at least 64% of share being tendered

so here correct option is A. $0

the page presents four different kinds of threats that volcanoes pose and what to do before, during, and after an eruption.

(75years ,i believe is the correct answer.good luck