Answer:
77,786.251
Step-by-step explanation:
Let us assume that the total number of shares (also called the total holdings) held by Live Fund in Marks Brothers is
.
Then obviously half the holdings (or half the number of shares) of Live Fund will be
.
Thus, if each share is valued at $5000, then the total value of the number of shares sold (which is
will be:
dollars or $
.
Thus, Live Fund will receive $
if they sold half their holding in Marks Brothers.
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