(10 points) Assume the Black-Scholes framework. You are given the following information: (i) The underlying stock is currently selling for $70. (ii) The stock pays dividends continuously at a rate proportional to its price. The dividend yield is 3%. (iii) The continuously compounded risk-free interest rate is 7%. (iv) The option expires in 1 year. Determine the price of a European call option with strike $85 expiring in one year if the options Delta is 0.3.