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6. Assume that an exotic option payoff is max[max(St)-K, 0], where t belongs time interval [0, T). Which of the following statement is false? A.

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6. Assume that an exotic option payoff is max[max(St)-K, 0], where t belongs time interval [0, T). Which of the following statement is false? A. The option holder can exercise or forfeit the option only at the maturity T. B. The option cannot be priced using Binomial tree. C. The option holder can exercise or forfeit the option at any time t. D. The option payoff is path dependent

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