Discuss two reasons why preferred stock would be viewed as less risky than common stock to investors

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Discuss two reasons why preferred stock would be viewed as less risky than common stock to investors.

Use standard essay format and must have at least 3 paragraphs (ie Intro, body and conclusion). Responses must be double spaced using a standard font (ie Times New Roman) and 12 point type size. use A.P.A. style citations Please reference Financial Management: Principles and Applications Sheridan Titman, Arthur J. Keown & John D. Martin, 2017 Pearson ISBN.13: 978-0-134-41721-9