Answer: Common stock
Explanation: In simple words, these are the securities which represent ownership in an organisation. The common stocks has no maturity date as it is the ownership right and will remain until the liquidation of the company.
The dividends to common stockholders are not fixed and depends on the profit that the company made in the year. They are paid dividends after debt holders.
They can sell their shares to other participants through securities markets like stock exchanges etc.
Hence from the above we can conclude that Jeff has purchased common stock.
