Why did the price of an NYSE seat recover so rapidly after the restructuring was announced in 2005?

The New York Stock Exchange (NYSE) is an important component of the US system of markets for stocks Show more The New York Stock Exchange (NYSE) is an important component of the US system of markets for stocks and bonds. The securities traded on the NYSE are corporate stocks. Before the NYSEs reorginization in 2006 only owners of NYSE Seats could trade stocks on the NYSE and a seat which gave you the right to execute purchases and sales of stocks was an asset that could be bought or sold. From 2002 to 2005 the market price of an NYSE seat declined by 63% but then the price increased to an all-time high in December 2005. Do some research on the seats at the New York Stock Exchange in the early and middle part of the 2000s and answer the following questions: A. Why did the price of an NYSE seat go through such extreme variations in the early and middle part of the 2000s before the restructuring? B. Why did the price of an NYSE seat recover so rapidly after the restructuring was announced in 2005? Show less

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