1 Answer

Furqan Kamani · Answer 1 · 2020-06-13T04:34:59+0000

Live Fund receive
$\bold{\$2500 N}$ it they sold half thier holding in Marks Brothers.

Solution:

Given: Sale price of Live Fund holding is 5000 dollar

To find: Amount that Live Fund will get if they sell half of their holding in Marks Brothers.

Assume the total holdings held by Live Fund in Marks Brothers as N

Therfore, half the number of shares or (half the holdings) of Live Fund will be
(N)/(2) .

Thus, if each share is valued at
$\$5000$ , then the total value of the number of shares sold will be as follows,

$\Rightarrow5000*(N)/(2)\text{ dollars }\rightarrow(5000* N)/(2)\text{ dollars }$

$\Rightarrow2500 N\text{ dollars }$

Hence, Live Fund will receive
$\$2500 N$

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