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Business, 14.04.2020 21:02, harleyandpope90
Nina wants to buy and operate an ice-cream truck but doesn't have the financial resources to start the business. She borrows $5,000 from her friend Max, to whom she promises an interest rate of 7%. Then, she gets another $10,000 from her friend David, to whom she promises a third of her profits. What best describes this situation?
A. Max is a stackholder, and Nina is a bondholder
B. Max is a stackholder, and David is a bondholder
C. David is a stackholder, and Nina is a bondholder
D. Davidis a stackholder, and Max is a bondholder
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Answers: 3
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