1. A different buy-or-lease alternative—you could buy a home for $300,000, putting 20% down and renting it out at $1,700 a month. Which would make more financial sense? Buying or leasing the home? Explain your rationale.
2. Assume that an investor wants to buy shares of stock. Explain how that process would work through the medium of a stock exchange. In your answer be sure to mention the roles played by buyer, seller, brokers and the exchange itself.