Common stock or preferred stock?

Yes if there is a clause while issuing common stock that stock holder can convert the common stock to preffered stock.

Common stocks--a type of stock that pays a variable dividend and gives the holder voting rights.Preferred stocks--a type of stock that pays a fixed dividend and carries no voting rights.

Dividend on common stock has to be more than dividend on preferred stock because of higher risk involved in equity investments.

Common stockholders generally are the only shareholders who are allowed to vote at shareholders' meetings, whereas preferred stockholders' shares generally convey no voting rights. However, preferred...

pay dividend before common stock