Consider a corporation that recently issued bonds. Bob, the CEO of the corporation, decided to use the funds a. raised to give big bonuses to the firm's top management instead of building more factories, which was the intended purpose of the founds. (2pt) What kind of problem caused by asymmetric information does this example illustrate? Does this problem happen before or after the transaction occurs? b. (3pt) Bel proposed a solution to this problem called "monitoring". That is to collect information about how borrowers are using the funds. Is "monitoring" enough to solve this problem by itself? If so, why is it enough by itself? If not, what else is needed in addition to "monitoring"?