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EML Inc.

EML Inc., which has $600 million in outstanding debt, is preparing to issue commercial paper in excess of $100 million within the next six months. The new assistant treasurer has recently spent time getting to know the issuing and paying agent, the rating agency analyst, and the legal counsel, and has been following the financial markets. What is this is an example of?

A.

Benchmarking with peers

B.

External collaboration

C.

Decentralized control

D.

Risk transfer

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