Common stockholders have the legal right to be paid dividends, common stockholders have the legal right to have their stock repurchased after holding it for 10 years, right to vote for board of directors, legally inferior to all other liabilities, Dividends are deductible for income tax purposes after 5 years; stock certificates are engraved like bond certificates, but stock certificates are usually multi-colored. Preferred Stock" is sometimes referred to as a "hybrid" security; what does this mean? Required:
How is "Preferred Stock" different from "Common Stock"?

Beagle autos is known for its affordable and reliable brand of consumer vehicles. because its shareholders expect to see an improved rate of growth in the coming years, beagle's executives have decided to diversify the company's range of products so that at least 40 percent of the firm's revenue is generated by new business units. however, the company's resources, capabilities, and competencies are limited to producing other forms of motorized vehicles, such as motorcycles and all-terrain vehicles (atvs). which type of corporate diversification strategy should beagle pursue?