Brief Exercise 10-37 Common Shares versus Preferred Shares Corporations issue two general types of shares-common and preferred. Required: Answer the following regarding the major differences between common and preferred shares. to its holders that are Preferred stock grants certain privileges, usually involving not granted to holders of common stock. Common stock confers Indicate whether the following are usually advantages of preferred stockholders or common stockholders: (1) Dividend preferences: (2) Participating preferences: (3) Conversion privileges: (4) Liquidation preferences: (5) Call provisions