red and common stockholders in the event of liquidation.
             These mechanisms help insulate preferred stock owners from the company's bad times. But preferred stock owners are also insulated from the company's more prosperous periods. If the corporation has an especially good year and decides to pay a larger dividend, preferred stock owners still receive dividends at their standard rate.
             Common stock is generally less expensive and comes with more risks - and greater potential rewards. Owners of common stock may or may not receive dividends, depending on the company's financial health and policy about profit sharing. But common stock owners can play a role in making that policy. A common stock owner has a right to vote for directors and other important matters at the annual shareholders' meeting. Usually an investor is entitled to one vote per share of stock. Preferred stock owners do not have voting rights.
             Owners of common stock hope to make money either through the dividends they r
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