Which one of the following statements isNOTtrue concerning the exercise of pricing European options with Monte Carlo Simulations?

• The method of Monte Carlo Simulations is not reliable because the resulting option value changes every time when the simulations are carried out
• One can improve the precision of the estimated option value by using a large number of random trials for the Monte Carlo Simulations
• The estimate of option value under the method of Monte Carlo Simulations can be reasonably close to the corresponding value under the Black-Scholes-Merton model
• As far as pricing European options are concerned, the simulation of terminal stock price is sufficient instead of simulating the entire path of underlying stock prices