Euclid bought 500 shares of common stock five years ago for $50,000. This year, Euclid receives preferred stock dividend of 20 shares. The preferred stock has a fair market value of $5,000, and the common stock, on which the preferred is distributed, has a fair market value of $75,000. What is Euclid's basis per share after this event on preferred stock?

$50,000

$156

$46,875

$94

$3,125