P6-23 (similar to) Question Help 1 Prices of zero-coupon, default-free securities with face values of $1,000 are summarized in the following table: Maturity (years) 2 3 Price (per $1,000 face value) $974.35 $940.69 $909.35 Suppose you observe that a three-year, default-free security with an annual coupon rate of 10% and a face value of $1,000 has a price today of $1,189.52. Is there an arbitrage opportunity? If so, show specifically how you would take advantage of this opportunity. If not, why not? Is there an arbitrage opportunity? (Select the best choice below.) O A. Yes O B. No O C. Not enough information