QUESTION 19 Gerald Snow is a bond manager for Long Vision Investments. Snow is evaluating potential arbitrage opportunities. He has the following list of bonds Bond X is a 1-year zero coupon bond selling at 950 Bond Y is a 2-year zero coupon bond selling at 850 Bond Z is a 2-year bond with an annual coupon of 8% All three bonds have a par value of $1,000. If no arbitrago opportunity exists, the price of Bond Z is closest to A) $975 B) $995 C) $1,015 OA OB