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Jen 10 shares Mark 20 shares Gina 70 shares 1. The business redeems all 10 shares of stock held by Jen. 2. Same facts as

Jen 10 shares

Mark 20 shares

Gina 70 shares

1. The business redeems all 10 shares of stock held by Jen.

2. Same facts as Situation 1 except Gina is Jens mother. Jen will still redeem all 10 shares of stock. Assume that Jen wants this to be an exchange. Can it be? If not, is there a way to make it an exchange?

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