Suppose that in the fixed-income securities market, the current one-year and two-year spot interest rates are 9.000% and 7.250%, respectively. (That is, RMrkto, 1 = 9.000% and Mrkto,2 = 7.250%). In addition, in the market, the current one-year forward rate one- year from now (FO, Mrkt ,1) is 6.000%. What should be an arbitrager's strategy at t = 0 (now)? (Borrowing is equivalent to taking a loan; lending is equivalent to investing / depositing.) S1) They will enter into a forward rate agreement, whereby, they will [Select] at one-year forward rate one-year from now. S2) They will [Select ] at one-year spot rate. S3) They will [Select ] at two-year spot rate. S4) They will [Select ] at three-year spot rate