Katie Perry is contemplating three different investments, each with the same amount of risk: (A) a high-dividend stock that pays 7.5% dividends annually with no appreciation potential, (B) taxable corporate bonds that pay 9% interest annually, and (C) tax-exempt municipal bonds that pay6% interest annually. Assume that dividends are taxed at 15% and that her marginal tax rate on ordinary income is 25%. Which investment should she choose? You must show your work to receive full credit. (15pts)