Question 5 Consider the zero-coupon bond price information in table 2.4 a) What is the investment opportunity that these bond prices indicate? b) Explain how you identified the investment opportunity. c) Explain how you can exploit the investment opportunity. d) Calculate the investment return you could achieve over a one-year time horizon, assuming the zero-coupon bond prices in this table continue to represent the price for each maturity. Table 2. Zero-coupon bond prices 4 Maturity in years Maturity value Zero-Coupon Bond Price- 12 100% 96.15382 22 1002 100 92.45562 88.8996 32 1002 42 52 82.27022 82.19272 100 2 (Note: The zero-coupon bond prices in table 2 have been calculated using the annual coupon payment frequency assumption.)