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15. The yield to maturity (YTM) on 1-jear zerocoupon bonds is 5%, and the YTM on 2 year zeros is 6K. The YTM on 2

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15. The yield to maturity (YTM) on 1-jear zerocoupon bonds is 5%, and the YTM on 2 year zeros is 6K. The YTM on 2 jear-maturity cospon bonds with coupen rates of 12% (paid anmally) is 5.8%. a. What arbitrage opportuaity is mailable for an investmeat banking firm? b What is the proft on the activity

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