Understanding the differences between the stock market and the bond market is essential to managing corporations and investing. In your discussion, answer the following questions:

• Describe the products and the functionality of the stock market.
• Describe the products and the functionality of the bond market.
• Describe how an individual company can use the stock market to generate initial funding as well as subsequent funding.
• Describe how an individual company can use the bond market to generate funding.
• Describe which is more expensive for a company to generate funds-the stock market or the bond market.