非上市公司股权变现的一道题

C选项，说的是strategy2提供了一个probability of yield enhancement，因为他手持股票，又long put；所以为了再降低风险或者减少成本，他也可以short call去降低风险，所以有可能去再shor tcall，所以strategy2确实有一个possibility of yield enhancement

C选项太过于咬文嚼字了，你理解意思即可。

MTL Strategy 2: A small but rapidly growing publicly traded building materials company is willing to acquire 100% ownership and pay Richards $7 million in cash up front and employee stock options that he can exercise after two years and that expire in five years. The public company is too small to support publicly traded stock options. Should the public company’s stock rise, Richards can exercise his employee stock options, which will be taxed as ordinary income. To protect the value of his appreciated stock while participating in further upside potential, he can purchase long-term protective put options on an industry ETF that closely tracks the building materials industry. If the public company’s stock subsequently drops along with the industry, he can sell the puts.

上述为Strategy 2的内容，并没有提到yield enhancement