a company is doing well in its business. in the end of fisal year june30, 2008 gross income 17%profit were held down somewhat by startup costs in several new business.compamy capital outlays is about $11 million in each of the past two fisal year. but in 2009 fisal year a major expansion require $23 million of financial planning. a company decided to take equity fiancing.
what are the advantages and disadvantages of selling preferred shares.compare and constrasting its use to the use to the of common shares.