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nekit [7.7K]
3 years ago
6

Companies whose stocks are listed on the NASDAQ stock exchange have their company name represented by either four or five letter

s (repetition of letters is allowed). What is the maximum number of companies that can be listed on the NASDAQ?
Business
1 answer:
serious [3.7K]3 years ago
7 0

Answer:

12,338,352 companies

Explanation:

If the companies' names can have either 4 or 5 letters, and teh letters can repeat themselves, then the total number of companies that can be listed on NASDAQ is:

4 letter names = 26 x 26 x 26 x 26 = 26⁴ = 456,976

5 letter names = 26 x 26 x 26 x 26 x 26 = 26⁵ = 11,881,376‬

total number of companies listed = 456,976 + 11,881,376‬ = 12,338,352

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