The Voting Premium, Defined as the Total Vote Value (Value

The voting premium, defined as the total vote value (value of a vote times the number of votes) as a proportion of the firm's equity market value is only about 2 percent in the United States and 36 percent in Mexico, suggesting that in Mexico,

A) dominant shareholders extract substantial private benefits of control.
B) dominant shareholders overpay and thus fail to extract substantial private benefits.
C) minority shareholders share in the private benefits of control.
D) none of the above

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