Of two corporations organized at approximately the same time and engaged in competing businesses, one issued $80 par common stock, and the other issued $1 par common stock. Do the par designations...

Of two corporations organized at approximately the same time and engaged in competing businesses, one issued $80 par common stock, and the other issued $1 par common stock. Do the par designations provide any indication as to which stock is preferable as an investment? Explain.

A stockbroker advises a client to “buy preferred stock. ... With that type of stock, ... [you] will never have to worry about losing the dividends.” Is the broker right?