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 $30 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 Competitive Bid Yield 3.06% Size $100 million 2. 2. 3.07% $100 million 3 3.08% $100 million