Josh owns 60% of the Inex Company and his son, Art, owns the other 40%. Josh decides to have Inex redeem all of his stock. Although Josh will not directly own any stock in Inex after the redemption, he will continue to be on the company's board of directors. Will Joshs redemption, as structured, be eligible for sale treatment under Section 302(b)(3) as a complete termination?

		a. yes.
		b. no.

The dividends received deduction is designed to mitigate the extent to which corporate earnings are subject to double taxation.

True

False