Ghost Corporation was owned 100% by Caspar. Upon Caspar's death, Ghost was worth $10,000,000. Prior to his death, Caspar's basis in his Ghost Corporation stock was $1,000,000. Caspar's total estate was worth $20,000,000. Caspar's estate taxes were $3,000,000 and his funeral and administrative expenses were $100,000. The estate had ample cash to pay for these expenses, but despite this cash position, they decide to redeem 50% of Caspar's stock in Ghost Corporation for $5,000,000. 

a) Will this redemption qualify under IRC 303? 

b) What are the tax consequences to Caspar's estate as a result of this redemption