QUESTION 10 (ChAPTER 19) Denny is a shareholder in Urban Corporation. Urban Corporation decides to redeem some of Denny's stock. Prior to the redemption, Denny owns 58 shares (out of 100 total shares outstanding). Denny originally paid $10 per share for the stock. Urban Corporation pays Denny $820 to redeem 17 of his shares. (a) What is Denny's percentage ownership of Urban Corporation after the redemption? (b) How much gain/income will Denny report as a result of the redemption? (c) What type of income will this be? Please circle the correct response. dividend capital gain ordinary income