The top portion is already solved. Please solve the question, "do you have an arbitrage opportunity?" and show the respective annual cash flows. (Excel if possible)

two-, Consider a five-year $1,000 face value bond with a 6% annual coupon rate. This bond pays annual coupons. The one-, three-, four- and five-year spot interest rates are 5.5%, 5.75%, 6.25%, 6.25%, and 6.5% respectively. What is the price of this bond? What is the yield to maturity? Price of Bond = 981.30 YTM = 6.45% Consider the above. If the bond is selling for $1,000, do you have an arbitrage opportunity? If so, please show how you build a replicating portfolio and earn an arbitrage profit. Please show the annual cash flows