change in computer technology and would like to plan for the most favorable tax consequences in the unfortunate event that her investment in Hi-Tech becomes worthless. Consider to what extent Jennifer will realize her economic and tax goals if, in the alternative, her investment takes the following forms: (a) A$200,000 unregistered five-year Hi-Tech note bearing market rate interest. (b) A$200,000 Hi-Tech registered bond bearing market rate interest. (c) A$190,000 Hi-Tech registered bond bearing market rate interest and warrants to purchase Hi-Tech common stock at a favorable price. (d) $200,000 of Hi-Tech common stock. (e) $200,000 of Hi-Tech convertible preferred stock. (f) Same as (d), above, except that Thelma and Allen originally capitalized Hi-Tech by each contributing $500,000. (g) Same as (d), above, except that Jennifer plans to give the Hi-Tech common stock to her son Peter, as a wedding gift. th) Same as (d), above, except that Jennifer and her son, Peter, will purchase the Hi-Tech common stock through Leech Associates, a venture capital partnership