3. A. You are given an American-style derivative security that has the following intrinsic value process: G = max Sk Osks Show that this security is path-dependent if the model has u = 1/d and N > 2. Make sue to use the definition of path-dependence used in class and in the Shreve textbook for this. 3. A. You are given an American-style derivative security that has the following intrinsic value process: G = max Sk Osks Show that this security is path-dependent if the model has u = 1/d and N > 2. Make sue to use the definition of path-dependence used in class and in the Shreve textbook for this