On April 29, 2022, Zions Bancorporation announced $50 million share buyback program. Which one of the following is incor

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On April 29, 2022, Zions Bancorporation announced $50 million share buyback program. Which one of the following is incorrect regarding stock repurchase? O A. Open market repurchases provides the least flexibility to the managers in terms of timing and actual amount of shares buyback. O B. Company can buy back shares directly from specific investors through private negotiation. O C. In an open market repurchase, company's managers lack commitment in the actual repurchase. O D. Tender offers send a more positive signal than open market repurchases to the market because the company states a specific stock price.