The following are advantages of shelf registration:

securities can be issued in dribs and drabs without incurring excessive transaction costs

securities can be issued on short notice

security issues can be timed to take advantage of market conditions

Multiple Choice

$1$ only

$2$ only

$3$ only

$1,2$ and $3$

The possibility that the winner $($highest bidder$)$ in an auction process may have bid a price that is very high $($far above the value$)$ is called:

Multiple Choice

uniform$-$price auction.

English auction.

seniority$.$

winner's curse.