c选项求解释～谢谢谢谢

问题如下：

The advantages to an investor owning convertible preference shares of a company most likely include:

选项：

A.less price volatility than the underlying common shares.

B.an opportunity to receive additional dividends if the company’s profits exceed a pre-specified level.

C.preference dividends that are fixed contractual obligations of the company.

解释：

1. Correct. Convertible preference shares tend to exhibit less price volatility than the underlying common shares because the dividend payments are known and more stable.

2. Incorrect. An opportunity to receive additional dividend if the company’s profits exceed a pre-specified level is the benefit that accrues to the holders of participating preferred shares, not convertible preference shareholders.

3. Incorrect. Preference dividends are fixed but, unlike interest payment on debt, they are not contractual obligations of the company.

• describe differences in voting rights and other ownership characteristics among different equity classes