The BHP stock price is $15.50. It will pay its next semi-annual dividend of $0.46 per share in 6 months. The dividend is expected to grow by 1% every 6 months (1% as an effective semi-annual rate). How much do you expect the stock price and dividend to be in exactly 3 years? (listed in that order and to the nearest cent)

Select one:

A. $16.45, $0.48

B. $16.45, $0.50

C.

1. $16.29, $0.48

D. $16.29, $0.50