1. Forrest is starting a lawn care business but needs to buy lawnmowers. He gets some money...

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1. Forrest is starting a lawn care business but needs to buy lawnmowers. He gets some money from Jenny, whom Forrest will pay back over time with interest of 6 percent, and some money from Dan, whom Forrest promises 10 percent of his future profits. In this case, is a stockholder, and is a bondholder.

a. Jenny, Forrest

b. Jenny, Dan

c. Dan, Forrest

d. Dan, Jenny

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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