Which One of the Following Statements Related to the NYSE

question 3

Multiple Choice

Which one of the following statements related to the NYSE is correct?

• A)Commission brokers work on behalf of brokerage firm clients.
• B)Shareholders of NYSE Group, Inc. own "seats" on the exchange.
• C)Specialists buy at the asked price.
• D)The NYSE is primarily a dealer's market.
• E)Floor brokers earn income in the form of a bid-ask spread.

---

Definitions:

Smaller Corporation

A smaller-sized company with lower revenue and fewer employees compared to larger corporations within the same industry.

Call Premium

The amount by which the call price of a bond or preferred stock exceeds its face value or issue price.

Par Value

The face value of a bond or stock as stated by the issuing company, typically not indicative of market value.

Call Price

The price at which a callable bond or security can be redeemed by the issuer before its maturity.