Elden Bling, an aged jewellery distributor, issues dividends semi-annually. The most recent divided was $0.70, dividends are expected to grow at 3% per year compounded semi-annually and the cost of equity is 8% per year compounded semi-annually. In addition to its existing dividend scheme, Elden Bling intends to also issue a $1.50 special dividend one quarter from now. This special dividend is a one-off payment to shareholders. What is the valuation share price of Elden Bling?

a. $19.23

b. $29.89

c. $28.90

d. $29.47

e. $17.33