Assume Shorttime Corporation (the corporation) has been in existence for a short time and a minority shareholder who holds both voting and nonvoting common stock of the corporation tells you that the corporation redeemed from her two shares of voting common stock and in exchange she received four shares of nonvoting common stock. You should assume that the fair market value of the four shares of nonvoting common stock received by the shareholder (which is the same as the total fair market value of the two shares of voting common stock transferred to the corporation) is greater than the shareholders basis in the voting common stock transferred to the corporation. The exchange was not pursuant to a plan of reorganization. a. Does Code Section 302(a) apply to this transaction? b. How is the shareholders basis in the stock received in the