2. Y Corporation has 100 shares of common stock and 100 shares of nonvoting preferred stock outstanding. The preferred stock is not convertible into Y common stock and is not Section 306 stock (i.e., not stock treated specially in 306 because of its tax avoidance potential). The Y common and preferred stock are owned by the following unrelated shareholders: Will the following alternative redemptions qualify for exchange treatment under 302(b) ? (a) Y redeems 5 preferred shares from I.. (b) Y redeems all of its ouistardine pictorred stock