The most famous financial market in the world is the New York Stock Exchange. Go to http://www.nyse .com.

a. What is the mission of the NYSE?

b. Firms must pay a fee to list their shares for sale on the NYSE. What would be the fee for a firm with five million common shares outstanding?

A stock exchange is a place where the trade of stocks and shares takes place. The New York Stock Exchange or NYSE is prominent among stock exchanges globally. According to the total market capitalization of its listed securities, NYSE is the largest stock exchange globally.

a. NYSE's mission is to add value to the process of raising capital and asset management by providing an effective and self-regulated marketplace to trade financial instruments.

b. Firms with outstanding shares up to and including 30,000,000 shares are required to pay a fee of $55,000 for listing their shares on the NYSE. Firms above 30 million outstanding shares up to and including 50 million outstanding shares are required to pay a $60,000 listing fee. A firm with more than 50 million outstanding shares is required to pay a $75,000 listing fee.

So, a firm with five million common shares outstanding has to pay a fee of $55,000.