You are CEO of a tech company, which is a C corporation. Your companys stock is traded in the NYSE. Your company issued $200 million 10-year investment-grade bonds to public investors two years ago .A month ago, your company issued $50 million 90-day commercial papers. Your company wants to develop a new product. You were told by the operations and marketing managers that the new project is very promising. Your company needs $75 million to finance the project. The finance department suggests three funding options: (1) use the companys retained earnings, (2) negotiate a 5-year term loan from a bank and (3) issue additional stocks to raise money. You are considering these alternative options.

Which one of the followings is LEAST likely to be an investor of your companys stock?

a. a mutual fund

b. a hedge fund

c. a private equity fund

d. a household

Which one of the followings is LEAST likely to be an investor of your companys commercial paper?

.a. a mutual fund

b. a commercial bank

c. a household

d. an insurance company

The market for your companys commercial paper belongs to the _____, and the market for your companys bonds belong to the

a. money market, money market as well

b. money market, capital market

c. capital market, money market

d. capital market, capital market as well