NO.PZ2023040301000112
问题如下：
Which of the following statements is most accurate?
选项：
A.Investors owning a small number of common shares would prefer statutory voting to cumulative voting
Convertible preference shares are more volatile and riskier than the underlying common shares
Putable common shares provide benefits to both the issuing company and investors
解释：
The put option feature facilitates raising capital because the shares are more appealing to investors. As such, it provides a benefit to the issuing company. It also helps investors limit their potential losses because they can sell the shares back to the issuing company if the market price falls below the pre-specified put price. Therefore, putable common shares are beneficial to both the issuing company and the investors
C选项为什么要选呢，
Putable common shares是在股价下跌时，股东以特定价格要回购，所以对公司不利，对投资者有利。
选项是对二者都有利，所以选项应该是不对的。
