If your marginal tax rate is 43%, which of the following investments will give you the highest after-tax return?

a.

A mutual fund expected to earn 4.6% annually

b.

TFSA savings account earning 3.5%

c.

Shares of stock with expected capital gains of 5.5%

d.

A bond with annual coupon payments of 5.2%

e.

One-year GIC earning 5.5%