Show ALL work and Clearly Explain. 1. You observe the following yield curve for Treasury securities: Maturity 1 year 2 years 3 years 4 years Yield 4.6% 4.8 4.9 4.8 5.2 5 years Assume that the expectations theory holds. If the market's actual 4 years forward rate one year from today is 6.8% does an arbitrage opportunity exist? If it does show how you would take advantage of it? Explain your answer. 5 pts.