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Business, 09.07.2020 03:01 kenzie530

Sam owns 60 percent of the stock of Club Corporation. Unrelated individuals own the remaining 40 percent. For a stock redemption of Sam's stock to be treated as an exchange under the "substantially disproportionate" test, what percentage of Club stock must Sam own after the redemption

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Sam owns 60 percent of the stock of Club Corporation. Unrelated individuals own the remaining 40 per...
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