Which is true about investors in the B piece of a CMBS?

A.If there is default, the senior class takes all losses before B piece investors lose anything.

B.Typical investors include pension funds and life insurance companies.

C.These investors often have significant influence over how the deal is structured.

D.Given the high demand for the B piece of the CMBS, CDOs were created to help meet this demand.

E.None of the above