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is this correct? The following information is available for the common shares of DEF Co.: - 5,100,000 shares authorized; - 3,400,000 shares issued and outstanding;

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The following information is available for the common shares of DEF Co.: - 5,100,000 shares authorized; - 3,400,000 shares issued and outstanding; and - 700,000 shares in public float. Calculate DEF Co.'s market capitalization if the current market price of the common shares is $15 per share. $76,500,000$10,500,000$61,500,000$51,000,000 Bob, a small retail investor, wants to purchase a municipal debenture issued by Edmonton but is told by his financial planner that none are available. Why has he been told this? Municipal bonds are sold directly to institutional portfolios and pension funds Municipal bonds can only be sold to exempt investors, who have a high net worth The Alberta Municipal Act prevents cities in Alberta from issuing debt securities Demand is very high for municipal debentures because they are tax exempt An investment dealer submitted a non-competitive tender for $10 million of a new $750 million Government of Canada bond issue. What amount of the issue will the dealer receive and what will they pay? Nothing. Their bid was non competitive so they lost out in the bidding process $10 million at the auction's average yield It will depend on how much of the $750 million Government of Canada issue was available after being first awarded to the competitive bidders $10 million at the lowest auction bid

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