1500-1800 words. Part 1 TasksIn general terms, discuss how the following should be taken into consideration when constructing an investment portfolio:AgeIncomeDebt level and assetsMarital statusParental statusRisk toleranceTime horizonGeneral economic conditions Part 2 TasksTask 1Discuss the efficient market hypotheses, and answer the following question:Does this hypothesis support active trading or buying a passive stock index fund? Task 2Discuss several pieces of legislation that were enacted to protect against unethical investing practices. Task 3To illustrate your knowledge of portfolio construction, design a portfolio based on the following scenario:Robert and Susan Jenkins have inherited $200,000. They are aggressive investors with a joint annual income of $100,000, no debt, and an additional $500,000 in assets other than the $200,000 inheritance. Design 2 separate $200,000 portfolios based on the following scenarios:The couple has 3 children between the ages of 9 and 17 years old, and they will use this money to pay for their college education.The couple will use the money to help fund retirement in 35 years. When designing your portfolios, be sure to keep the following in mind:Each portfolio should contain at least 3 common stocks, 1 American Depositary Receipt (ADR) that you researched, and 3 bonds.Leaving a portion of the portfolio in cash is an option if you feel that is it appropriate.Charts and graphs should be used where appropriate.Portfolio models should be based on the Jenkins’ demographic profile and time horizon. Be sure to include the following in your discussion: Reasons for your investment choicesStock and bond investment risk and return factorsThe security market lineBeta and standard deviationBond duration and interest rates Part 3 TasksGenerate a brief discussion of the following concepts:Dividend discount modelCapital asset pricing model (CAPM)