Interest (coupon) payments on such bonds may Part 3 re sipped or deferred if the firm's income is insufficient to make coupon payments. In what way are these bonds like preferred stocks? Why might a firm choose to issue an income bond instead of $: lacome bonds: Income bonds are unusual. a preferred stock? In what way are these bonds like preferred stocks? Why might a firm choose to issue an income bond instead of preferred stock? Part 4: Read each of the following three statements carefully and then indicate which statement is true and which statement is false. a) In several recent years, non-financial corporations in Canada have purchased more stocks than they have issued stocks. Check one: True False_ Depends on Dollar amount b) If a Canadian Corporation purchases bonds of other Canadian corporations, it will not pay tax on interest it will receive on those bonds. Check one: TrueFalse Depends on Dollar amount c) Because of the tax advantage, a large fraction of preferred share of one Canadian Corporation is held by another Canadian Corporation. ue False Depends on Dollar amount