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The following are advantages of shelf registration except: I) securities can be issued in dribs and drabs without incurring excessive transaction costs; II) securities can
The following are advantages of shelf registration except:
I) securities can be issued in dribs and drabs without incurring excessive transaction costs;
II) securities can be issued on short notice;
III) security issues can be timed to take advantage of market conditions
A. I only
B. II only
C. III only
D. I, II, and III
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