To be successful in a small business, the new owners must: a. know someone who is already in the business. b. cope effectively with government regulations. c. have an unlimited supply of money in the bank. d. have a 401k plan for employees.

The master manufacturing company has just 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. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer: