Targeted Stock, Also Known as Tracking Stock or Letter Stock

Targeted stock, also known as tracking stock or letter stock, is a class of common stock of a diversified company that is

A) linked to the performance of a particular business unit or division.
B) senior to other classes of the firm's common stock.
C) convertible into the stock of an independent target company.
D) stock that tracks the performance of a stock index such as the S&P 500.