J. B. Wands has $14,000 to invest. He lives in Saskatchewan and has other income of $90,000 for the year. A current bond issue is paying 6 percent while a popular share issue offers a 4.7 percent dividend return.

1. Calculate the better return on an after tax basis [assume 33.0% marginal rate on bonds and 9.63% on shares). What is the after tax yield?
2. What other factors should be considered?