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六姑娘 · 2023年06月24日

A选项为什么错误

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

B.

Convertible preference shares are more volatile and riskier than the underlying common shares

C.

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

A选项为什么错误

1 个答案

王园圆_品职助教 · 2023年06月24日

同学你好,请看以下原版书截图

绿色部分是结论,黄色部分是举例的解释

意思就是如果少数股股东只能有100股的投票权,有4个董事会成员需要投票的话

statutory voting 下该股东最多只能给喜欢的董事会成员投100票;但是cumulative voting下该股东能给喜欢的董事会成员投100*4 = 400票;所以cumulative voting下该小股东的权利得到了放大,喜欢的股东更可能当选