Could you tell me which is correct:
There is both capital and equity.....
There are both capital and equity
In speech it is common to use a singular verb after introductory "there", even when the following subject is plural. But in formal writing you should use plural verb, so "There are both capital and equity" is the correct form.
Greenbaum, Sidney: "An Introduction to English Grammar" (1991, Longman)
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