Stocks on the NYSE Companies whose stocks are listed on the New York Stock Exchange (NYSE) have their company name represented by 1, 2, or 3 letters (repetition of letters is allowed). What is the maximum number of companies that can be listed on the NYSE?
To find: What is the maximum number of companies that can be listed on the NYSE?
Answer to Problem 39AYU
18,278
Explanation of Solution
Given:
Companies whose stocks are listed on the New York Stock Exchange (NYSE) have their company name represented by 1, 2, or 3 letters (repetition of letters is allowed).
Calculation:
Letters to be used for the names are A-Z (26) where repetition of letter is allowed.
Number of choices for the single letter names .
Number of choices for the two letter names .
Number of choices for the three letter names .
Hence, there are maximum number of companies that can be listed on the NYSE.
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