Preferred Stock,as a hybrid security,presents somewhat of a puzzle as to why they are issued. What elements give rise to the puzzle and how is it explained?

Name: Preferred Stock,as a hybrid security,presents somewhat of a puzzle as to why they are issued. What elements give rise to the puzzle and how is it explained?
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The Answer of Preferred Stock,as a hybrid security,presents somewhat of a puzzle as to why they are issued. What elements give rise to the puzzle and how is it explained?

Preferred Stock,as a Hybrid Security,presents Somewhat of a Puzzle as to Why