All of the four following exotic options are path-independent options, EXCEPT:
A.
Chooser options
B.
Power options
C.
Asian options
D.
Basket options
The Answer Is:
C
This question includes an explanation.
Explanation:
Asian options are path-dependent options, which means their payoff depends on the average price of the underlying asset over a certain period, rather than just the price at maturity. This characteristic makes them path-dependent because the path taken by the asset's price during the life of the option affects the payoff, unlike path-independent options which only depend on the final price at maturity.
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