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Extra Credit Question Consider three securities that will pay risk-free cash flows over the next...

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Extra Credit Question Consider three securities that will pay risk-free cash flows over the next three years and that have the current market prices shown here: Security Price Today ($) Cash Flow in Cash Flow in Cash Flow in Name One Year ($) Two Years (S) Three Years (S) B1 B2 B3 $94.79 $88.66 $412,76 100 0 0 100 0 0 0 500 0 Calculate the no-arbitrage price, or the price that eliminates any arbitrage opportunities, of a new security, B4, that pays risk-free cash flows of $500 in one year and $1.000 in three years The current no-arbitrage price of Security B4 is: (round your answer to two decimal places)

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