The Monroe Partnership has two partners - Amy and Claire. Each partner has a

50% interest in the partnership. Amy also owns 80% of the stock (80 shares) of the

Zena Corporation. The other 20% (20 shares) of Zena are owned by Wendy who is

not related to Amy or Claire. Based on these facts, the Monroe partnership will be

deemed to own _____________ shares of Zena and Claire will be deemed to own

___________ shares of Zena.

a. 80 shares, 80 shares.

b. 20 shares, 20 shares.

c. 80 shares, 20 shares.

d. 80 shares, zero shares.

e. none of the above.