which of the following statements is incorrect? A binomial model may be used for valuing: $($Please note that there may or may not be more than one answer$).$ a$.$ an exotic option whose payoff depends on some function of the current stock price and the strike price. b$.$ an American option. c$.$ European options in the presence of known dollar dividends. d$.$ European options in the presence of a known dividend yield. e$.$ a European option in an incomplete market.