[单选题]

A company has issued only one class of common shares and it does not pay dividends on them. It has also issued two types of preference shares - one that is putable and the other callable -and both have a non-cumulative feature. Which of these securities will most likely offer the lowest expected return to the investor?

A.Common shares.

B.Putable preference shares.

C.Callable preference shares.

参考答案与解析:

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