Question: The binomial option pricing model cannot be used to price: American options. options with payoffs that are path-dependent. options where the underlying pays a dividend.

  1. The binomial option pricing model cannot be used to price:
    1. American options.
    2. options with payoffs that are path-dependent.
    3. options where the underlying pays a dividend.
    4. options on currencies.
    5. European puts.

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