Bearkat Corporation purchased 5,884 shares of Sammy Corporations common stock on July 1, 20X1. This investment gives Bearkat 33% ownership and significant influence over Sammy. On that date, the book value of Sammys net assets equaled the fair value. Bearkat Corporation has a December 31 fiscal year-end. During 20X1, Bearkat made the following journal entries related to its investment in Sammy.

Investment in Sammy Co. 150,000 Cash 150,000

Cash 10,800 Investment in Sammy Co. 10,800

Investment in Sammy Co. 12,000 Income from Sammy 12,000

Using this information, answer the following question. Round your final answer to the nearest dollar.

What was the fair market value of one share of Sammys common stock on 7/1/X1?