Question 3: Define the various asset classes in the diagram. Be as thorough as possible in explaining the features of each security. Explain in detall the properties and risks involved in owning stock vs. fixed income securities, what returns can be expected on each asset class....etc. Give examples of derivative securives and what they represent, how and when they might be used. The detail in your answer should demonstrate your understanding of the characteristics of each security and how it differs from the other. Rank them in terms of riskiness and give an example of the asset composition that might be sultable for a young person just starting in the workforce vs. an elderly person preparing for retirement