Multiple Choice
Katie owns 2,700 shares of Keplar Corporation stock at a time when Keplar has 5,000 shares of stock outstanding.The remaining shareholders are unrelated to Katie.What is the minimum number of shares Keplar must redeem from Katie so that the transaction will qualify as a disproportionate redemption?
A) 202 shares.
B) 402 shares.
C) 952 shares.
D) 1,748 shares.
E) None of the above.
Correct Answer:
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