8) Two different companies (Company A, and Company B) are in the EXACT SAME industry. They have the EXACT SAME revenues, costs, balance sheet items, cash flows, betas, etc. Further, analysts project the EXACT SAME future cash flow projections. Each company has no debt, and they have the EXACT SAME number of shares outstanding. Company A's stock price is currently $38.45, and Company B's stock price is currently $40.05. Is there an arbitrage opportunity, and if so, how might you exploit it? i) Yes, there is an arbitrage opportunity. Buy Company B's stock and simultaneously short (sell) Company A's stock. ii) Yes, there is an arbitrage opportunity. Buy Company A's stock and simultaneously short (sell) Company B's stock. iii) There is no arbitrage opportunity here.