Business, 07.12.2019 02:31 Brittany0512

Elaine wants to buy and operate an ice-cream truck but doesn’t have the financial resources to start the business. she borrows $10,000 from her friend george, to whom she promises an interest rate of 7 percent, and gets another $20,000 from her friend jerry, to whom she promises a third of her profits. what best describes this situation?
a. george is a stockholder, and elaine is a bondholder.
b. george is a stockholder, and jerry is a bondholder.
c. jerry is a stockholder, and elaine is a bondholder.
d. jerry is a stockholder, and george is a bondholder.

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Elaine wants to buy and operate an ice-cream truck but doesn’t have the financial resources to start...

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