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Who is credited with the following quote, "I wish government wasn't for sale like this, but the fact is you have to hustle to get your share. Local governments without lobbyists see the ones with representation doing better, so they say, 'We need to get our butts on board and get one or they're going to steal everything from us' "?
Perpetual preferred share
A type of preferred stock that has no fixed maturity date, often providing dividends indefinitely.
Compounded semi-annually
The method of computing interest by taking into account both the original amount of money deposited or lent and the interest that has been earned on that amount from past periods, with the calculation occurring semi-annually.
Perpetuity
A financial instrument that provides endless payments of a fixed amount of money, often used to model the value of stable companies.
Semi-annually
Occurring twice a year, or every six months.
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