A	B	C	D
Stock	Edita	Telecom Egypt	CIB	Remco
Price on April 7th	8 EGP	14.8 EGP	70.25 EGP	3.09 EGP
Anticipated price on July 7th	11.35 EGP	11.25 EGP	55.75 EGP	4.13 EGP
Dividends during period	2 EGP per share	zero	3 EGP per share	zero
Number of shares invested	100	80	50	100

1. If an Egyptian investor who is in the 21% tax percentile, is looking to invest in either a listed bond in EGX or an unlisted bond that he would purchase over the counter. If the yield on the listed bond is 4% while the yield on the bond that is unlisted is 4.75%, which bond should the investor choose and why? Show your calculations and explain your answer