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Garret and Hans own all the stock of GH Corporation. Garret sells all his GH stock to Olga on February 12. The next day, GH makes an S election. For the election to apply to the current year, who must consent to the election?
Borrowers
Individuals or entities that receive funds from a lender with the agreement to repay the borrowed amount plus interest.
Lenders
Individuals or institutions that provide funds to borrowers under the condition of being repaid with interest.
Real Interest Rate
The interest rate adjusted for inflation, reflecting the true cost of borrowing or the real yield on an investment.
Actual Rate
The real, observed interest rate in the market, not adjusted for inflation.
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