Question: Question 1 (1 point) Which is NOT a path-dependent option (PD option requires to know the underlying price path until option expiration to compute option

Question 1 (1 point) Which is NOT a path-dependent option (PD

Question 1 (1 point) Which is NOT a path-dependent option (PD option requires to know the underlying price path until option expiration to compute option payoff) European call: max(S(T)-K,0) Asian call: max(Average S - K, O) No-regret option: max( max 5 - 6,0) Average strike option: max(S(T)-Average S, O) Question 2 (1 point) Can prices of path-dependent option be computed with the binomial model? Yes, always O No Yes, but only if the number of time intervals/steps is small Yes, but only for some path-dependent options

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