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CreamCo. has 4 equal shareholders who each own 1 , 0 0 0 shares: Rebecca, an individual; Jennifer, Rebecca's daughter; CrimsonCo, a C corporation in

CreamCo. has 4 equal shareholders who each own 1,000 shares: Rebecca, an individual; Jennifer, Rebecca's daughter; CrimsonCo, a C corporation in which Rebecca and Jennifer each own 10%; and Norman LLP, an unrelated partnership. How many shares is Jennifer considered to own for purposes of applying the substantially disproportionate test of section 302?

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