Jules Martinez sold 5000 shares back to ABC Co. for $30,000 during the current fiscal year. Jules purchased there shares from an arm's-length party three years ago for $15,000 who had originally purchased the shares from the corporate treasury for $10,000. Which of the following tax consequences will Jules recognize?

a. a deemed dividend of $15,000 and no capital gain or loss.

b. a deemed dividend of $20,000 and a capital loss of $5,000

c. a deemed dividend of $20,000 and a capital gain of $10,000.

d. a deemed dividend of $15,000 and a capital gain of $10,000.