The Listing of Stock on an Exchange

The listing of stock on an exchange:

A) Is automatic for most stock provided the company issuing the stock pays an annual membership fee
B) Is not dependent on the earning power of the company whose stock is a candidate for listing
C) Is not dependent on the number of common shares held by the public
D) Is a significant influence on the stock's liquidity, enhancing the liquidity of exchange-traded stock relative to that of unlisted stock
E) None of the above is correct