MOLIVIA The Government of Canada is issuing fixed-coupon bonds. The table below lists the competitive bids from government securities distributors. If the Government is awarding $750 million of the bond issue to the competitive bidders, what yield will be awarded to the firms that submitted a non-competitive tender? Bidder Competitive Bid Yield Size 1 4.025% $250 million 4.035% $250 million 3 4.045% $250 million 2 a) 4.045% b) 4.025% c) 4.035% d) 4.05% Previous Page Next Page Page 1 of 1 Previous Page Next Page Page 9 of 19 lestion 10 (1 point) What is an advantage of preferred dividends over common dividends? a) Common dividends may not be paid for 3 years after the issue of the preferred shares. b) Common dividends are paid ahead of preferred purchase funds. c) Preferred dividends must be paid in full before any common dividends can be paid. d) Common dividends may only be paid if approved by the preferred share trustees. PIC.COLLAGE