7

Question 7 (1 point) Sally purchased 1000 shares of XTC Corp. at $55 per share. The company issued a 10% stock dividend to all shareholders of record one year after she purchased her shares. The estimated value per share of the shares at the time of the split was $52 per share. What is Sally's basis per share after this stock dividend? DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR ANSWER!! IF YOU GET A DECIMAL AMOUNT, ROUND TO 2 DECIMAL PLACES