Live Fund receive [tex]\bold{\$2500 N}[/tex] 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 [tex]\frac{N}{2}[/tex].
Thus, if each share is valued at [tex]\$5000[/tex], then the total value of the number of shares sold will be as follows,
[tex]\Rightarrow5000\times\frac{N}{2}\text{ dollars }\rightarrow\frac{5000\times N}{2}\text{ dollars }[/tex]
[tex]\Rightarrow2500 N\text{ dollars }[/tex]
Hence, Live Fund will receive [tex]\$2500 N[/tex]
