Prices of zero-coupon, default-free securities with face values of $1000 are summarized in the following table:

Maturity (years) 1 2 3 Price (per $1000 face value) $970.51 $936.89 $903.92 Suppose you observe that a three-year, default-free security with an annual coupon rate of 10%
and a face value of $1000 has a price today of $1180.79. Is there an arbitrage opportunity? If so, show specifically how you would take advantage of this opportunity. If not, why not?