Limited-time shelf registration was introduced because of its favorable trade-off of saving issue costs versus providing disclosure.
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Limited-time shelf registration was introduced because of its favorable trade-off of saving issue costs versus providing disclosure. Allowing unlimited shelf registration would circumvent “blue sky” laws that ensure proper disclosure as the financial circumstances of the firm change over time.
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Related Book For
Essentials Of Investments
ISBN: 9780697789945
8th Edition
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
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