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.
D
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In estimating the value of Rafael's single-family dwelling, Broker Jones, the appraiser, uses the same monthly gross rent multiplier that has been computed for comparable properties in the same neighborhood. The comparable properties each have a rent amount of $300 monthly and recent selling prices of approximately $45,000. The owner's property is currently renting for $320 per month. The broker therefore would estimate the value of the property to be:
A: $45,000; B: $48,000; C: $51,000; D: $54,000.
Impressions and circulation are different terms for the same measure
Indicate whether the statement is true or false