On- Most states sponsor a lottery in which individuals can buy lottery tickets in the hopes of winning a big prize, or even a smaller prize 1. Discuss, from the perspective of the state, the pros and cons of lotteries. 2. Discuss, from the perspective of an individual, the pros and cons of lotteries. Be sure to consider concepts from KMP Chapter 5 (in other words, the financial risks and payoffs of lotteries and time value of money) in your discussion. 3. Based on your answers to 1 & 2 above, what advice would you give a friend who asks you, as a finance student, if he or she should play the lottery