Risk-free payoffs associated with tradable securities A-E are: (a) A security S has risk-free payoffs of 1, 500 on dates 2 and 5. Assuming a normal market, what is the no-arbitrage price of security S? Explain why this is the correct price. (b) Suppose a bank offers to pay an APR (quarterly compounding) of 4.84% for a period of 5 years but you are not permitted to withdrawal any money before 5 years. Is this a good rate? Explain. Risk-free payoffs associated with tradable securities A-E are: (a) A security S has risk-free payoffs of 1, 500 on dates 2 and 5. Assuming a normal market, what is the no-arbitrage price of security S? Explain why this is the correct price. (b) Suppose a bank offers to pay an APR (quarterly compounding) of 4.84% for a period of 5 years but you are not permitted to withdrawal any money before 5 years. Is this a good rate? Explain