Question 25 of 75. Franklin owns four shares of common stock in a biotechnology firm. He paid $130 per share for the first two shares, and $160 per share for the second two shares. The company declared a 2-for-1 common stock split. What is Franklin's new basis in his shares of stock? Eight shares at $72.50 per share. Eight shares at $155 a share. Four shares at $65 per share and four shares at $80 per share. Four shares at $130 per share and four shares at $160 per share.