2. Consider the single-period market model M = (B S2) with three states of nature N = {W1, W2, W3}. Let the interest rate be r = ioStock prices at time t = 0) are given by S7 = 1 and 52 = 2. Random stock prices at time t = 1 are given by the following table Wi wa Wiz Si 1 1 1 S? 1 16 Use the FTAP to investigate whether this market model admits an arbitrage oppor- tunity. 2. Consider the single-period market model M = (B S2) with three states of nature N = {W1, W2, W3}. Let the interest rate be r = ioStock prices at time t = 0) are given by S7 = 1 and 52 = 2. Random stock prices at time t = 1 are given by the following table Wi wa Wiz Si 1 1 1 S? 1 16 Use the FTAP to investigate whether this market model admits an arbitrage oppor- tunity