Assume that Will's marginal tax rate is 32 percent and his tax rate on dividends is 15 percent. If a dividend-paying stock (with no growth potential) pays a dividend yield of 5.6 percent, what interest rate must the corporate bond offer for Will to be indifferent between the two investments from a cash-flow perspective? Multiple Choice 9.04 percent 8.08 percent 7.00 percent 4.88 percent