Income like this is equivalent to an annuity meaning that we can calculate the capital value of such a sum.

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Bumi said that it received a request from the Bakrie Group to cancel their indirect 23.8% shareholding, in exchange for an equivalent value of PT Bumi Resources shares representing 10.3% of the total outstanding share capital.

BBC: Bumi shares surge as Bakrie family proposes split

This concept, enacted in 2007, turned the economic equivalent of a serious flood into a tsunami by relentlessly destroying the ostensible value of our banks' regulatory capital.

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