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Part $1$

An important difference between common stock and preferred stock is that

Part $2$

A$.$

preferred stockholders can vote on major policy decisions and common stockholders cannot.

B$.$

preferred stockholders are entitled to their dividends before common stockholders.

C$.$

common stockholders are entitled to a share of the profits but preferred stockholders are entitled only to the profits of$$ above$-$normal years.

D$.$

common stock is sold to anyone while preferred stock is sold to other corporations only.