(B) Answer the each of the following questions (i) to (v) about selecting bonds to maximize the return for your client portfolios in terms of each of the following characteristics: - Duration Coupon - Maturity - Credit rating (i) What would you look for in a bond chosen for your client who can take high risk? (2 Marks) (ii) What would you look for in a bond chosen for your client who can only take low risk? (2 Marks) (iii) If you believe that interest rates will decline sharply in the future, what bond characteristics would you search for? (2 Marks) (iv) If you believe that interest rates will rise sharply in the future, what bond characteristics would you search for? (2 Marks)