Time left 2:05: There are two future states and three securities with the associated payments matrix (states by securities) 8 18 Q = (18 / 12) 2 The first security current price is 9, the second security current price is 5 and the third security current price is 14. Are there any arbitrage opportunities? Hint: the calculations do not require matrix inverse. Select one: No, all securities are fairly priced and there are no arbitrage opportunities Yes, there are arbitrage opportunities The market is incomplete, and therefore it is not possible to answer this question