Question 12 (1 point) 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 1 2 3 Competitive Bid Yield 4.025% 4.035% 4.045% Size $250 million $250 million $250 million a) 4.035% b) 4.045% c) 4.05% d) 4.025%