The current price of Ford is $150 and the continuously compounded risk-free rate is 6%. Ford does not pay a dividend. A European call option on Ford with a maturity of one year and a strike price of $159.28 has a price of $12.88. Another European call option on Ford with a maturity of 1.5 years and strike price of $164.13 has a price of $12.66. Are there any riskless arbitrage opportunities? If so, what is the arbitrage strategy? Show the payoffs in all relevant states of the world, both at t = 1 year and t = 1.5 year.