问问是不是equity和bond都是不对称的

问题如下：

Among the stakeholders of a company, the group most likely to face the greatest information asymmetry compared to the company's management is:

选项：

A.

A bank lender

B.

A public debtholder

C.

A member of the board

解释：

A is incorrect because private debtholders, like banks, often have direct access to company management and non-public information, reducing information asymmetry. They can significantly influence the company due to their role as critical sources of financing, especially for smaller or mid-sized companies, and have the power to impact the company's financial strategy significantly​​.

B is correct because public debtholders, such as bondholders, generally rely on public information to make investment decisions and usually have little to no influence over the issuer’s operations. They depend on the terms of the debt contract and often find it challenging to change these terms without significant effort. In cases of financial distress, however, they may exert influence during restructuring of public debt​​.

C is incorrect as members of the board of directors typically have significant influence and access to non-public information, allowing them to make informed decisions on behalf of shareholders. They are elected to protect shareholders' interests and provide strategic direction, which includes overseeing management performance​​.