A set of Treasury STRIPS with maturity of 0.5Y, 1Y, 1.5Y, 27, 2.5Y 3Y are priced below. A coupon bond with the same credit quality, a coupon rate of 5%, annual coupon frequency and maturity of 3 years is priced at 98-14. Is there are any arbitrage opportunity? If yes, how will you exploit it? Maturity Zero Price Spot Rates 0.5 98.03922 1 96.58978 1.5 93.54273 2 90.59506 2.5 87.31540 3 83.74843 Yes, buy the coupon-bond and sell a portfolio of zeros Yes, sell the coupon-bond and buy a portfolio of zeros O Yes, sell the coupon bond and a portfolio of zeros No, there is no arbitrage opportunity Yes, buy the coupon bond and a portfolio zeros