Question 3 (3 points) Which ONE of the following statements on exotic options is INCORRECT? A. As the barrier is observed more frequently, a knock-in option becomes more valuable and a knock-out option becomes less valuable, while keep everything else equal. B. Exotic options trade over the counter. C. The payoff from an average strike put option is the excess of the average stock price over the final stock price, if positive. D. The payoffs from an lookback option depend on the average asset price during the life of the option. E. Compound option is an option on another option