1. Suppose you own a factory and you want to raise funds for expansion. You may choose either direct finance or indirect finance but not both. Make your choice and justify your answer. What are the factors you considered before making the decision ?

2. From the Hong Kong stock market, pick one stock which can be considered as a liquid investment, and one which is not liquid. Explain your choices.

3. Based on your background and understanding about finance, what are the essential background knowledge you should have in order to get good grades from the financial Systems and Institutions course ?

please type your answers thank you!