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Tenney Corp's earnings and per-share common stock dividends are expected to grow at a fixed rate for the foreseeable future. The company's common stock has
Tenney Corp's earnings and per-share common stock dividends are expected to grow at a fixed rate for the foreseeable future. The company's common stock has an expected dividend yield of 6.5% and an expected capital gains yield of 3.5%. The company has just paid out a per-share dividend of $3 on its common stock. What should each share of this stock be selling for today? $30.00 $103.50 $100.00 $31.05 $47.77
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