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Caramel Corporation has 8,900 shares of stock outstanding, in a qualifing stpok redemption, Caramel distrbutes 5252,400 in exohange fer 2,225 of its shares. At the

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Caramel Corporation has 8,900 shares of stock outstanding, in a qualifing stpok redemption, Caramel distrbutes 5252,400 in exohange fer 2,225 of its shares. At the time of the redemption, Caramel has pald-in-captal of 51,262,000 and E a p of 5757,200 . Calculate the reduction to Caramel's E a. P as a recult of the eistribution. The result of this redemption is a s

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