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Lucinda owns 1100 shares of old corporation stock at a time

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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?

Reference no: EM13595958

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