How would respond to partner suggestion

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Reference no: EM132806847

Problem 1: You and your partner developed a social media app, which became very popular. You soon find more funds are needed to continue growing the business. You and your partner discuss how you can raise some short-term funding. Your partner heard Commercial Papers and CDs are among the vehicles of short-term funding companies often use. Your partner is a nice guy but just finance-naive partly because he did not take the economics course as you did. How would you respond to your partner's suggestion? What do you think about their feasibility?

Reference no: EM132806847

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