1.(12 marks) In the article entitled "Financial Journalism, Conflicts of Interest and Ethics: A Case Study of Hong Kong"', the author uses the "social contract approach" to examine issues related to ethical responsibility in financial journalism.

a.Briefly describe the meaning of the three ethically questionable practices raised by the author, namely market manipulation, insider trading, and nondisclosure of interests, as they apply to journalism.(6 marks)

b.Do you think it is unethical for a journalist to report on a stock or security that he or she owns without disclosing it?Justify your answer with reference to the three ``ethically questionable practices'' mentioned above.(6 marks)