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a. Quantify the existing gearing level of the United Utilites for 3 years (should be connected to the rules of regulatory body for calculation of gearing) by reviewing the financial statement. (http://http://corporate.unitedutilities.com/default.aspx). two different ratio is ok . (380 words)

b. Report on the debt structure of United Utilities Group and explain why a high proportion of issued bonds are inflation linked. (380 words)
Referencing is very important and should used the Harvard Referencing System.

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