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Z Corporation has one class of common stock outstanding held by unrelated individuals A, 500 shares, B, 300 shares, and C, 200 shares. Will 305(c)

Z Corporation has one class of common stock outstanding held by unrelated individuals A, 500 shares, B, 300 shares, and C, 200 shares. Will 305(c) create any tax problems if Z agrees to redeem annually 50 shares of stock at the election of each shareholder, and A makes such an election for two consecutive years?

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