Question No: 01 This is a subjective question, hence you have to write your answer in the Text-Field glven below. (a) How will an individual investor's investment strategy change as he or she goes through the accumulation, consolidation, and spending gifting phases of life. Explain in a clear and succinct manner. [3] (6) Mr. Gopalakrishnan is an individual investor whose marginal tax rate is 30%. He is considering two investment options as follows: Option 1: Tax free municipal bond yielding a return of 7.5% per annum Option 2: Taxable corporate bond yielding a return of 10% per annum Which of these two investment options should he choose? Why? [2]