Rob is saving to buy a new MP3 player. For every $11 he earns babysitting, he saves $8. On Saturday, Rob earned $55 babysitting.
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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