In order for a corporation's stock to be bought and sold on the New York Stock Exchange, the corporation must meet certain requirements. Which one of the following incorrectly states one of those requirements?
A) A corporation's annual earnings before income taxes must be at least $10 million per year for the last three consecutive he most recent three years.
B) All of the requirements listed in the other answers are correct.
C) The market value of its publicly held stock must exceed $25 million.
D) A corporation must have a total of at least 400 U.S. shareholders and at least 1,100,000 total shares outstanding.
E) A corporation must have at least $75 million in revenues for the most recent year.
Correct Answer:
Verified
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