The next Super Bowl is on February 7, 2020. Someone was somehow able to rig the NFL season, and tells you not only will the game be the Giants versus the Patriots, but he knows tha the Giants will win. Assume you believe him. Rather than putting all your money on the Giants, you want money today. The Giants are the underdog, so a $100 bet on them will pay $1000 on February 7. A zero coupon bond with a face value of $1000 expires the same day and has a market price of $950. Is there an arbitrage opportunity? If so, what? Suppose you decided not to place any bet until the day before the game. The person must have told a lot of people about who wins, because now you need to bet $950 on the Giants to win the same $1000. At the same time, New York state now charges a fee of $20 for every wager placed on the NFL. A $1000 zero coupon bond that expires tomorrow costs $970. Is there an arbitrage opportunity? If so, what? Suppose the person's tip that the Giants will win is likely to be true, but you don't fully trust it. Is there any scenario where you can create a true arbitrage opportunity