Miguel, a recent college graduate who heard that you knew something about$$ investing,wants to ask about investing in bonds. Miguel indicated$$ that, according to his$$friends$,$ the stock market was too volatile and that bonds were a safer place to invest. Miguel admitted that he really$$ didn't know much about either stocks or bonds but that he hoped to start saving so that he could purchase a house in the next $5$ years. Miguel also mentioned that he had heard about preferred stock and real estate as alternatives to bonds. His roommate recommended that he buy a preferred stock that paid a $ $4\mathrm{.}60$ annual dividend or purchase farmland outside of his hometown. Answer the following questions in a way that will help Miguel learn investment concepts.