The liquidity requirements for initial listing for initial public offerings on Nasdaq include which of the following?
I. Round lot shareholders of 450 or total shareholders of 2,200
II. $700 million market value of publicly held shares
III. $70 million market value of publicly held shares
IV. Net income of $25 million in two consecutive quarters
A) I and III
B) I and IV
C) II and III
D) II and IV
Answer: A