challenge: What is a requirement for a Chapter 11 plan to avoid violating the absolute priority rule when conferring an interest to old equity holders?
  
  A. The plan must provide an opportunity for others to compete for the equity, such as through an auction
  B. The plan must be approved by a majority of the old equity holders
  C. The plan must guarantee a minimum return on investment for the old equity holders
  D. The plan must prioritize the interests of junior creditors over those of senior creditors
  Answer: 