Luca is currently considering investing in a high dividend stock with no growth potential that pays 4% qualified dividend each year or a corporate bond that pays 7% interest each year assume that Monica's tax rate on qualified dividends is 15% at what ordinary tax rate would she be indifferent to the stock or the bond round to the nearest dollar

a. 3.4%

b. 48.6%

c. 51.4%

d. 4%

e. none