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Phil owns 80 of the 100 outstanding shares of B Corp., while the remaining shares are owned by unrelated parties. He also owns 90 of

Phil owns 80 of the 100 outstanding shares of B Corp., while the remaining shares are owned by unrelated parties. He also owns 90 of the 100 outstanding shares of S Corp. During the year, Phil sold 40 shares of B to S for $30,000. In applying the rules governing redemptions through related corporations, what percentage is Phil deemed to own immediately after the sale?

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