The market prices in the absence of an arbitrage opportunity) and future flows of the three risky assets X, Y and Z are: FLUX IN A YEAR asset Market price Favorable conjecture Unfavorable conjecture 231 0 600 Y 346 600 0 Z ? 600 1800 The risk-free interest rate is 4%. a) What is the non-arbitrage price for asset Z? b) If the asset's risk premium is 10%, is there an arbitrage opportunity? The market prices in the absence of an arbitrage opportunity) and future flows of the three risky assets X, Y and Z are: FLUX IN A YEAR asset Market price Favorable conjecture Unfavorable conjecture 231 0 600 Y 346 600 0 Z ? 600 1800 The risk-free interest rate is 4%. a) What is the non-arbitrage price for asset Z? b) If the asset's risk premium is 10%, is there an arbitrage opportunity