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Nina wants to buy and operate an ice - cream truck but doesn t have the financial resources to start the business. She borrows $
Nina wants to buy and operate an icecream truck but doesnt have the financial resources to start the business. She borrows $ from her friend Max, to whom she promises an interest rate of percent, and gets another $ from her friend David, to whom she promises a third of her profits.
What best describes this situation?
Max is a shareholder, and Nina is a bondholder.
Max is a shareholder, and David is a bondholder.
David is a shareholder, and Nina is a bondholder.
David is a shareholder, and Max is a bondholder.
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