Ted dies with assets consisting only of long-term investments. He leaves $5,000,000 to his children and the remainder to his wife. His basis in the investments is $5,000,000; his date of death value is $9,500, 000, and the six-month alternate valuation value is $10,700,000. What is the income tax basis of the investments if his family sells the assets?
A. $5,000, 000
B. $9,500,000
C. $10,700,000
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