A common recommendation is to place fixed income securities in tax-advantaged accounts and stocks in regular brokerage accounts. a. Do you agree with this recommendation? Explain. b. Suppose that you will invest $12,000 (after tax), half in no-dividend stocks with an expected return of 10% and the other half in bonds paying a yearly interest of 5% (and zero expected capital gain). You can place a maximum $6,000 in your Roth IRA and the rest in a regular brokerage account, and you intend to withdraw the money after 30 years. Your income tax rate (now and in the future) is 25%, dividend tax rate is 15%, and capital gains tax rate is 15%. In which account should you place the stocks and in which account should you place the bonds? Show all calculations. c. What would you do if you instead intend to leave the accounts to your heirs? Explain