Live Fund receive it they sold half thier holding in Marks Brothers.
<u>Solution:</u>
Given: Sale price of Live Fund holding = 5000 dollar
To find: Amount that Live Fund will get if they sell half of their holding in Marks Brothers.
Assume the total number of shares held by Live Fund in Marks Brothers as A
Therfore, half the holdings (or half the number of shares) of Live Fund will be .
Thus, if each share is valued at , then the total value of the number of shares sold will be as follows,
Hence, Live Fund will receive