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Assume that NEW CO. exercised the Repurchase Option to the maximum extent possible when Dakota resigned on January 5, 2020. How much did NEW CO.

Assume that NEW CO. exercised the Repurchase Option to the maximum extent possible when Dakota resigned on January 5, 2020. How much did NEW CO. pay Dakota upon such exercise? Assume the facts stated in the prior question. What was the FMV of the shares NEW CO. acquired from Dakota when it exercised the Repurchase Option?

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