Wrap list content inside tag using tinyMCE

I would like the content of my <ul> items to be wrapped inside a <p> tag. So right now TinyMCE is creating lists like this:

<ul>
   <li>Demo</li>
</ul>

While I'm looking for:

<ul>
   <li><p>Demo</p></li>
</ul>

Is this possible in TinyMCE?

from Wrap list

• content inside

  tag using tinyMCE