a. What should you offer to pay for this security today ! b. What would your classmate offer to pay for this same security if he used the a coupon rate of 6% to calculate its present discounted value? c. To whom would the lender sell the security? d. If your classmate buys the security at the price he calculates for its present disco much does he gain or lose (in dollars today) relative to what he would have p market prices in the three and six coupon markets above? e. Since you can trade in today's markets for three-month and six-month coupons can make an arbitrage profit from your classmate's purchase by offering to trade month and six-month coupon payments composing the security he now owns. A he limit your trading to just one coupon of each maturity, determine (i) how mu could make and (ii) whether you buy or sell the three-month coupon you trad analogously, whether you buy or sell the six-month coupon you trade with him