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Would your answer to (4) above change if, at the time of the redemption, Ashley also possessed a contractual option to purchase 1000 shares of

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Would your answer to (4) above change if, at the time of the redemption, Ashley also possessed a contractual option to purchase 1000 shares of Arcadia Corp (which would constitute about 10% of all outstanding stock)? Please consider I.R.C. section 318 when answering. Please consider how these facts would be different from Rev. Rul. 76-364 and whether these differences are salient. Please explain your reasoning. Would your answer to (4) above change if, at the time of the redemption, Ashley also possessed a contractual option to purchase 1000 shares of Arcadia Corp (which would constitute about 10% of all outstanding stock)? Please consider I.R.C. section 318 when answering. Please consider how these facts would be different from Rev. Rul. 76-364 and whether these differences are salient. Please explain your reasoning

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