Assume that UND stock normally has a bid-offer spread of three-eighths, or \(\$ 0.375\). What do you think would happen to that spread on a day when the stock market begins to fall very sharply? Explain your answer. Also, what would happen to the spread if the company announced that it was buying back \(20 \%\) of its outstanding shares and would complete that repurchase within three months? Explain your view.