Adam and Cindy, along with their teenage sons, Alvin and Tom, live In Bataan. Adam is a sales representative for a major medical firm, and Cindy is a personnel ofcer at a local bank. Together they earn an annual income of around P1000000. Adam has just learned that his recently departed rich uncle has named him in his will to the tune of some P2,500J000 after taxes. Needless to say, the family is elated. Adam intends to spend P500000 of his inheritance on a number of long-overdue family items (like some badly needed remodeling of their kitchen and family room, the down payment on a new car and braces to correct Tom's overbite). Adam wants to invest the remaining P1000000 in various types of fixed-income securities. Adam and Cindy have no unusual income requirements or health problems. Their only investment objectives are that they want to achieve some capital appreciation, and they want to keep their funds fully Invested for at least 20 years. They would rather not have to rely on their investments as a source of current income but want to maintain some liquidity In their portfolio just in case. Questions a. Describe the type of bond investment program you think the family should follow. In answering this question, give appropriate consideration to both return and risk factors. b. List several types of bonds that you would recommend for their portfolio and briey indicate why you would recommend each