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?

Answer choices:

$30

$100

$47.77

$31.05

$103.50