rob 3 A, B and C own stock of Randall Corporation (E & P $1,000,0000) as follows: A owns 400 shares, B owns 500 shares and C owns 1200 shares. Randall redeems 200 shares of C for $250,000. C paid $2 per share What is the effect of redemtion on C. Same as above except Randall redeems 1150 shares for 400,000