Julia's Jewel Company (JJC) currently has a stock price of $53 per share. If JJC's cost of equity capital (same as discount rate for equity) is 9% and the current dividend yield (DIV1/P0) is 3.50%, the expected price per share of the company in one year (t = 1) is closest to?

a)$55.91

b)$57.77

c)$54.85

d)$56.82