Of the Following, Which Is Not a Requirement for the Initial

question 108

Multiple Choice

Of the following, which is not a requirement for the initial listing of a stock on the TSX?

• A) a total of 1,000,000 freely traded shares
• B) the stock must have traded on one of the smaller exchanges for at least two years
• C) the firm must have net tangible assets of $2 million
• D) there must exist 300 shareholders and earnings of at least $200,000

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Definitions:

Liquidity

The ease with which an asset can be converted into cash without affecting its market price.

Asset Management

The process of overseeing and optimizing the performance of a set of assets in a way that aligns with the investor's objectives.

Seasonal

Pertaining to changes, fluctuations, or patterns that occur at specific times of the year or in specific seasons, often due to changes in weather, holidays, or business cycles.

Financial Position

The status of the assets, liabilities, and equity of an entity as reflected on its financial statements at a specific point in time.