Question: Consider a security that pays its owner $6000 in one year, without any risk. Suppose the risk-free interest rate is 8%. What is the no-arbitrage

Consider a security that pays its owner $6000 in one year, without any risk. Suppose the risk-free interest rate is 8%. What is the no-arbitrage price of the security today? If the security is trading for $5500, what arbitrage opportunity is available?

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