In a Dual-Class Recapitalization (Or 'Recap'), a Firm

In a dual-class recapitalization (or 'recap') , a firm

A) creates two classes of managers-operational and financial.
B) establishes two classes of securities-debt and equity.
C) establishes two classes of debt securities-senior and subordinated.
D) creates a second class of common stock that has limited voting rights and generally a preferential claim to the firm's cash flows.