This chapter on capital markets focuses on long-term financing and the various stock markets. Each stock market

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This chapter on capital markets focuses on long-term financing and the various stock markets. Each stock market has its own listing requirements and this exercise will look at the New York Stock Exchange listing requirements and listing fees. Students interested in repeating this exercise for Nasdaq may easily find the same information at www.nasdaq.com.

Go to the New York Stock Exchange’s Web site at www.nyse.com.

1. Click on “Listing on the NYSE” along the left margin.

2. Then click on “Listing Standards.”

3. Then click on “U.S. Listing Standards,” and answer the following questions.

a. How many round lot holders are required to be listed?

b. How many total shareholders (use the first number)?

c. What market value is required for public companies?

d. What are the earnings requirements to be listed (use the first number)?

e. What revenue for the most recent fiscal year is required? Look under “Pure Valuation” on the same page.