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| The best reason for financial managers to use shelf registration for debt or equity offerings is because A. Corporations do not have to register new securities with the Securities and Exchange Commission. B. Smaller, regional underwriters are used more frequently to distribute the new issues, saving firms issuance costs. C. This technique provides businesses more flexibility in selection of an investment banker. D. Issuers are spared the expense of filing several registrations by registering offerings in advance and then issuing them quickly under favorable market conditions. |