CIMA F3 Geared and ungeared betas (1)
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Really good video.
But how the tutor goes from E/E + D(1-T) to 1/1+gearing(1-T)
Gearing = D/E = 0.4 or we can write it down as D:E = 0.4:1 -> D = 0.4 and E = 1.