i need the answer quickly

1. Which of the following best describes an arbitrage opportunity? It is an opportunity to: A. earn a risk premium in the short run. B. buy an asset at less than its fundamental value. C. make a profit at no risk with no capital invested. 2. What most likely happens when an arbitrage opportunity exists? A. Investors trade quickly and prices adjust to eliminate the opportunity. B. Risk premiums increase to compensate traders for the additional risk. C. Markets cease operations to eliminate the possibility of profit at no risk. 3. Which of the following best describes how derivatives are priced? A. A hedge portfolio is used that eliminates arbitrage opportunities. B. The payoff of the underlying is adjusted downward by the derivative value. C. The expected future payoff of the derivative is discounted at the risk-free rate plus a risk premium. 4. investor who requires no premium to compensate for the assumption of risk is said to be which of the following? A. Risk seeking B. Risk averse C. Risk neutral 5. Which of the following is a limit to arbitrage? A Clearinghouses restrict the transactions that can be arbitraged. B. Pricing models do not show whether to buy or sell the derivative. C. It may not always be possible to raise sufficient capital to engage in arbitrage