可转债优先股的风险为什么大于可回售优先股？

问题如下：

Which of the following investment assets has the least investment risk?

选项：

A.

Putable common share

B.

Putable preferred share

C.

Convertible preferred share

解释：

Dividends on preference share are known and fixed, and they account for a large portion of the preference shares’ total return. Therefore, it is less risky than common share. And putable common or preference shares are less risky than the callable or non-callable counterparts because they give the investor the option to sell the shares to the issuer at a pre-determined price.