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5. Benis Inc. is trying to choose between three alternative investments. The three securities that the company is considering are as follows: Monk's Inc. preferred

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5. Benis Inc. is trying to choose between three alternative investments. The three securities that the company is considering are as follows: Monk's Inc. preferred stock with a return of 6.80%. Monk's Corporate bonds with a return of 6.95%. New York State Municipal bonds with a return of 5.25%. The company's tax rate is 25%. What is the best investment choice and what is the after-tax return on that investment? (4 points)

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