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