As of December 2005, trading licenses are required to conduct trades on the floor of the NYSE . which of the following statements about these trading licenses is/are correctly?
1. licenses are auctioned off in a special type of auction called a Dutch auction
2.only a member organization of the NYSE is eligible to bid for a trading license
3. the SEC determines the maximum bid price
4. trading licenses are good for 10 years.
a. 1 and 2 only
b. 2 and 4 only
c. 2 and 3 only
d . 1, 2, 3, and 4
e. 1 and 3 only
