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Uniqua wants to buy a camper to use when visiting national parks this summer. Her cousin Tyrone recently earned a wlindfall profit In a business
Uniqua wants to buy a camper to use when visiting national parks this summer. Her cousin Tyrone recently earned a wlindfall profit In a business venture wlth a partner, and Uniqua asked him If she could borrow $5,000 for a down payment on the camper. She proposed paying him 4% Interest and payIng the loan back over the next two years. Discuss the advantages and disadvantages to Tyrone of choosing to make the loan to Uniqua as opposed to loaning the money to Spectrum Communications, Inc. by buylng a $5,000 corporate bond that pays the same amount of Interest over that same time perlod.
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