Web Exercise (do both NASDAQ and NYSE 2. a, b, c, d)

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 fine the same information at www.nasdaq.com

2. Go to the New York Stock Exchange's Web site at www.nyse.com. Scroll to the bottom of the page and under U.S. Equities, click "listings." In the U.S. Equities page, highlight "listings" and in the drop down under "How To List With the NYSE," click "NYSE Domestic Listing Standards." Scroll down to see the necessary information. Answer the following questions about being listed.

a. How many round lot holders (100 shares) are necessary?

b. How many public shares are necessary?

c. What are the Market Value Criteria?

d. What is the Alternative #1 Earnings Test?

Question is from Foundations of Financial Management.