单选题

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

A、 an opportunity to receive additional dividends if the company's profits exceed a pre-specified level.
B、 less price volatility than the underlying common shares.
C、 preference dividends that are fixed contractual obligations of the company.

【正确答案】 B

【答案解析】

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