Prices of zero-coupon, default-free securities with face values of $1,000 are summarized in the following table:

Maturity (Years)	1	2	3
Price (per $1,000 face value)	971.31	936.90	903.69

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 $1,180.96.

Is there an arbitrage opportunity? If so, show specifically how you would take advantage of this opportunity. If not, why not?