Investor A's marginal tax rate is 45%, while Investor B's is 30%. Both investors are considering two bonds for inclusion in a taxable portfolio. One bond is tax-exempt with a yield of 4.50%, while the other is taxable with a yield of 6.30%. Which bond will each investor most likely choose?

A.Both investors will choose the taxable bond.

B.Both investors will choose the tax-exempt bond.

C.Investor A will choose the tax-exempt bond and Investor B will choose the taxable bond.