The price of a stock is $45. The volatility of the stock is 30%. The stock pays a continuously compounded dividend yield of 2%. The continuously compounded risk-free rate of return is 8%. A European call option has a strike price of $50 and expires in 3 months. Under the Black-Scholes framework, calculate the price of the European call option. O A) 1.18 B) 1.25 C) 1.69 D) 1.89 E) 2.23