Q. 2. The newly elected municipal chairman has taken over his new office. After reviewing the files and visits in his area, he is of the view that they require major infrastructural changes in his municipality i.e. repairing the sewerage lines, constructions of roads and green belt etc. This would require a huge investment and hence the issuance of municipal bonds. You have been hired as his financial advisor and hence are required to do the following; a) To brief him about the types of municipal bonds? b) Which municipal bond is best suited for this project and why? c) What is the process of trading these bonds? d) Which option should he prefer and why?