Your co-worker has decided to manage his own investment portfolio, and has asked you for advice on some investment opportunities. One opportunity is to purchase 100 shares of stock in a technology start-up. The other opportunity is a Government of Canada savings bond. Explain the key differences between equity (stock) and debt (bond) financing? Which is riskier for the investor (ex. Your co-worker)? Explain why? (10 marks)

NOTE: 10 Marks Answer Please