1. Nina wants to buy and operate an ice-cream truck but doesn't have the financial resources to start the business. She borrows $5000 from her friend Max, to whom she promises an interest rate of 7 percent, and gets another $10 000 from her friend David, to whom she promises a third of her profits. Which of the following best describes this situation?

a. Max is a shareholder, and Nina is a bondholder.

b. Max is a shareholder, and David is a bondholder.

c. David is a shareholder, and Nina is a bondholder.

d. David is a shareholder, and Max is a bondholder.