Gordon wishes to invest $10,000 in one of three alternatives: (1) a tax-exempt bbond that pays 4.5%, (2) a taxable bond that pays 6%, and (3) a dividend-paying stock that has a dividend yield of 5.25%. What marginal tax rate will make Gordon indifferent between the tax-exempt bond and the dividend paying stock?

		25.0%
		14.3%
		0.75%
		Cannot be determined