As an investment banker working for a leading investment bank in the country, you are often often asked for investment advice from your friends interested in investing in various type of assets such as investment grade Bond5, Junk Grade Bonds, preferred stocks and Common equity. One of your friends just send you an email asking you to clarify the risk and expected return characteristics of these assets. Please explain in the space provided below, how will you advise your friend on the differences in the risk and expected retum characteristics of these three investment option? Which of these assets are generaly more risky and would there be any exceptions to these general riskretum characteristics? Furthermore, explain the relationship of risk and return with the price she should pay today for each of these securities and elaborate it from issuer vs investor perspective? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). As an investment banker working for a leading investment bank in the country, you are often often asked for investment advice from your friends interested in investing in various type of assets such as investment grade Bond5, Junk Grade Bonds, preferred stocks and Common equity. One of your friends just send you an email asking you to clarify the risk and expected return characteristics of these assets. Please explain in the space provided below, how will you advise your friend on the differences in the risk and expected retum characteristics of these three investment option? Which of these assets are generaly more risky and would there be any exceptions to these general riskretum characteristics? Furthermore, explain the relationship of risk and return with the price she should pay today for each of these securities and elaborate it from issuer vs investor perspective? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)