Provide a response to the following statement:

The best type of stock for the company issuing the stock is common stock.While common stockholders have voting rights, since there can be different classes of stock with unequal voting rights, this is not necessarily helpful to the investor.Although it used to not be allowed, companies can now create another class of stock to be held by their own family with significant voting power to overrule decisions made by the other classes of stock.This pushes the other investors out and makes it easy for the company to appoint its own members when voting comes around.

The best type of stock for the investor is preferred stock.Although shareholders for this stock do not receive voting rights, there are many other benefits.Upon liquidation or payments not made, preferred stockholders receive payment before the common stockholders.This means they are guaranteed payment upon liquidation, while it cannot be guaranteed the common stockholders receive payment.Preferred stock is calculated as a percentage of the par value of the stock while common stock is variable, making it unknown what the dividend payment will be.Preferred stock also has a callability feature that allows stocks to be called at any point (even at a premium over the original selling price).This could be a huge benefit to the preferred stockholder to receive their payments when prices are high.Finally, if the investor wanted, a certain number of preferred shares can also be converted to common stock shares, giving them both types if desired.