tax28

tax28

Lucinda owns 1,100 shares of Old Corporation stock at a time when Old Corporation has 2,000 shares of stock outstanding. The remaining shareholders are unrelated
to Lucinda. What is the minimum number of shares Old Corporation must redeem from Lucinda for the transaction to qualify as a substantially disproportionate
redemption?
Answer

A. 880.

B. 484.

C. 393.

D. 220.

E. None of the above.

 

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