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Consider two securities that pay risk-free cash flows over the next two years and that have the current market prices shown here: (Click on the

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Consider two securities that pay risk-free cash flows over the next two years and that have the current market prices shown here: (Click on the following icon in order to copy its contents into a spreadsheet.) a. What is the no-arbitrage price of a security that pays cash flows of $300 in one year and $300 in two years? b. What is the no-arbitrage price of a security that pays cash flows of $300 in one year and $1,500 in two years? c. Suppose a security with cash flows of $150 in one year and $300 in two years is trading for a price of $390. What arbitrage opportunity is available

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