Desmond has recently won a lottery HK$ 20 million and wanted to make some investments. He does not have any idea of what common stock, bonds, and mutual fund are. As you are a professional financial advisor, Desmond asks you to prepare an investment plan and explain various kinds of investment to him. Required: a) Contrast the basic features of common stock and bond b) After you discuss with Desmond about the investment plan, Desmond decides to invest some mutual funds. 1. Briefly explain to Desmond what pooled diversification is. < 2. Explain to Desmond about the organization and operations of the mutual funds. < 3. Advise Desmond how to choose mutual funds. < 4. Explain to Desmond how to measure the performance of mutual funds.