Let S = $39, s = 38%, and r = 8% (continuously compounded). The stock is set to pay a single dividend of $2.40 three months from today, with no further dividends expected this year. Use the Black-Scholes model (adjusted for the dividend) to compute the value of a one-year $30-strike European call option on the stock.

a. $12.50

b.$10.56

c. $1.19

d. $12.08

e.$1.61