Consider a 2-year forward contract on a corporate bond. The bond currently sells for $1,050, and it will pay a coupon of $10 in year 1. The risk-free interest rates are 3% per annum for 1-year maturity and 5% per annum for 2-year maturity. The forward price of the bond is $1,000. Is there an arbitrage? If so, show the arbitrage strategy and resulting cash flows.