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In 2011, Tim's Gyms Needs to Finance the Building of a New

Question 89

Multiple Choice

In 2011, Tim's Gyms needs to finance the building of a new gym. Suppose Tim secures this financing from a bank, and the bank receives ownership if Tim fails to make payments. This type of funding is


A) a mortgage obtained in the loan market.
B) a stock issued in the bond market.
C) a bond issued in the bond market.
D) a mortgage obtained in the stock market.
E) a stock issued in the loan market.

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