3. Binomial option pricing models cannot be used to price non-traditional options such as Asian options. a. True b. False 4. If the stock price is lognormally distributed, then the stock return measured as the log difference cannot be normally distributed. a. True b. False 5. The original Black-Scholes model did not consider stocks that paid dividends. Merton's follow-up model was an improvement because it assumed that stocks paid dividends continually. a. True b. False