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23 November, 17:23

Company holdings in marks brothers total number of shares 78,000 live fund is selling their holdings at 5,000 per share how much would live fund receive if they sold half their holdings in marks brothers

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  1. 23 November, 18:57
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    The fund will receive US$ 195 million for selling half of their holdings in Marks Brothers

    Step-by-step explanation:

    1. Let's review the information given to us to answer the question correctly:

    Number of shares of Marks brothers the company has = 78,000

    Value of each share = US$ 5,000

    2. How much would live fund receive if they sold half their holdings in Marks brothers?

    Half of the holdings = 78,000/2

    Half of the holdings = 39,000

    Money they will receive = 39,000 * 5,000

    Money they will receive = 195'000,000

    The fund will receive US$ 195 million for selling half of their holdings in Marks Brothers
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