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Question One (10 Marks) Assuming the government is selling a government bond to fight COVID-19, and at the same time, ASHANTI Goldfields Company is selling

Question One (10 Marks)

Assuming the government is selling a government bond to fight COVID-19, and at the same time, ASHANTI Goldfields Company is selling a corporate bond to increase its production. Under what conditions will the production-linked corporate bond be over-subscribed at the expense of the government bond. Explore all possible scenarios. [Not more than one-page]

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