On January 1, 2016, Stacy purchased 10,000 shares of Green Corporation common stock for $100,000. On March 1, 2019, she received a 10% preferred stock dividend. At that time, the common stock of Green Corporation had a fair market value of $20 per share and the preferred stock had a fair market value of $40 per share.

What is her basis per share in the preferred stock?

a. $16.67

b. $40

c. $66.67

d. $0