User: When and why do corporations issue common and preferred stock?

Note: Why Do Corporations Sell Stock? When a corporation decides to sell stock in its company, ... preferred and common stock ... Why Issue Common Stock Vs. Preferred Stock. [www.ehow.com/about_6623275_would-stock-instead-common-stock_.html]
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Weegy: Corporations issue preferred stocks to raise cash. Although you buy or sell them the same way you trade regular stocks, preferreds are more like bonds than common stocks. [ Investors buy them for the steady dividends, which typically equate to 4% to 8% yields. Most preferreds pay dividends quarterly. ]
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