The table below shows the no$-$arbitrage prices of securities A and $B$ and the cash flows for security $C$ under both

the weak economy and the strong economy scenarios. The risk$-$free interest rate is $3\mathrm{.}1\%.($Click on the icon

located on the top$-$right corner of the data table below in order to copy its contents into a spreadsheet.$)$

Cash Flow in One Year

a$.$ Security $C$ has the same payoffs as what portfolio of the securities A and $B?$

b$.$ Security $D$ has the same payoffs as what portfolio of the securities A and $B?$

c$.$ What is the no$-$arbitrage price of security $C?$

d$.$ What is the no$-$arbitrage price of security $D?$

e$.$ What is the expected return of security $C$ if both states are equally likely? What is its risk premium?

f$.$ What is the expected return of security $D$ if both states are equally likely? What is its risk premium?

g$.$ What is the difference between the return of security $C$ when the economy is strong and when it is weak?

h$.$ If security $C$ had a risk premium of $10\mathrm{.}4\%,$ what arbitrage opportunity would be available?

i$.$ What is the difference between the return of security D when the economy is strong and when it is weak?

j$.$ If security D had a risk premium of $10\mathrm{.}4\%,$ what arbitrage opportunity would be available?