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  1. avatar says

    Hello Jon, in your revision notes, CAPM geared/ungeared beta, example 1, X has a gearing eatio debt to equity of 0.4, I though Ve should be 60 and Vd should 40. But your answer is Ve=100 and Vd=40?. In example 2 gearing ratio of 0.3, you calculated Ve=70 and Vd=30? why are they different?

    Thank you.

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