Question

Which of the following is a basis for a firm to be listed on the New...

Which of the following is a basis for a firm to be listed on the New York Stock Exchange?

A. Industry in which the company operates

B.Headquarters in New York

C. Total value of outstanding stock

D. Number of Shares of stock

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Answer #1

The correct answer is option C. Total value of outstanding stock

The total value of outstanding stock must be at least $40 million for the firm to be listed on New York Stock Exchange (NYSE)

Option A is incorrect because the industry in which the company operates can be any industry

Option B is incorrect because the headquarters of the firm can be outside of New York

Option D is incorrect because Number of Shares of stock is not relevant

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