![]() Secondly, possible investor valuation errors from use of a PDMP (passive debt management policy) valuation methodology to value firms pursuing an ADMP are analysed in the context of an MM perfect capital market with corporation tax. These derivations do not require the assumption of level perpetuity expected cash flows and therefore indicate a broader basis for the ADMP beta de-gearing formulae than previously demonstrated. ![]() First, alternative derivations of the ADMP beta de-gearing formulae for an MM perfect capital market with corporation tax and for a world with corporation and personal taxes are presented. This paper extends previous work by Appleyard and Strong (1989) concerned with the implications of an active debt management policy (ADMP) for de-gearing a geared firm's equity beta.
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![]() The main element in Kali is the Linux operating system. The creators of Kali sought out useful free systems and packaged them together. The secret behind this giveaway is that all of the components of the Kali package are individually free. ![]() Despite being packed with tools, you don’t have to pay anything to download and use it. The most amazing feature of Kali Linux is its price – it is free to use. Once you understand which services each package uses, you will be able to choose one tool from each category and really get familiar with that. ![]() In fact, no one needs to use every single facility in Kali because many of them are alternative systems to each other. There are a lot of tools included with Kali Linux and many of them perform the same functions. However, to make the most of Kali, you really need to explore all of those extra utilities that are included with the package. If you have installed Kali Linux, you can use it just like any other operating system. 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Penelitian ini bertujuan untuk mengetahui konstruksi pemikiran nasionalisme-religius Hamka dalam karya-karya sastranya, seperti Si Sabariah, Di Bawah Lindungan Ka'bah, Tenggelamnya Kapal Van Der Wijck dan Merantau ke Deli. ![]() Tokoh yang disebut belakangan, yakni Haji Abdul Malik bin Abdul Karim Amrullah (Hamka) inilah yang menjadi perhatian penulis terkait konsep nasionalisme yang diusungnya. Dalam konteks ini, penulis melihat permasalahan kompleks ideologi Nasakom sehingga banyak tokoh, ulama dan ilmuwan Muslim yang mengambil jarak dengan tokoh nomor wahid di Indonesia saat itu, seperti Muhammad Natsir, Haji Agus Salim, Muhammad Hatta dan Hamka. Ia menggelindingkan konsep Nasakom untuk menyimbolkan kesatuan nasionalisme, agama dan komunisme. Itulah nasionalisme eklektik ala Soekarno yang menerapkan analisis Marxis tentang penindasan imperialisme dan pada saat yang sama, menggunakan sikap permusuhan kaum Muslimin terhadap penjajah kafir. 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