Briefly explain the differences between common stock and, Financial Management

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Briefly explain the differences between common stock and

This the book we are using in case you have access to it: Basic Finance By: Herbert B. Mayo, 10 edition, ISBN-10: 1-111-82063-5 or 13:978-1-111-82063-3

Briefly explain the differences between common stock and preferred stock? Why would someone buy preferred shares over common shares? Which type shares traditionally pay the highest dividends?

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