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Terry owns 100 shares of the XYZ Corporation. Under the constructive ownership rules of Section 318, how many shares of the XYZ Corporation is Terry's

Terry owns 100 shares of the XYZ Corporation. Under the constructiveownership rules of Section 318, how many shares of the XYZ Corporation is Terry'sgranddaughter deemed to own?

a. 100

b. 40

c. Zero

d. None of the above

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