An ugly spat between two sons of a business tycoon led to the division of the...

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An ugly spat between two sons of a business tycoon led to the division of the company into 2 pieces. While the elder son got hold of the 45% of the stake in the company and 5.5 billion dollars worth assets, the younger son gets 3.5 billion dollars worth of the assets and the leftover stake in the company. If the current value of the stakes is 30 billion dollars, which son is richer and by how much? 1. Elder son is richer by 1 billion dollars Younger son is richer by 1 billion 2. dollars 3. Elder son is richer by 2 billion dollars Younger son is richer by 2 billion 4. dollars 5. None of these An ugly spat between two sons of a business tycoon led to the division of the company into 2 pieces. While the elder son got hold of the 45% of the stake in the company and 5.5 billion dollars worth assets, the younger son gets 3.5 billion dollars worth of the assets and the leftover stake in the company. If the current value of the stakes is 30 billion dollars, which son is richer and by how much? 1. Elder son is richer by 1 billion dollars Younger son is richer by 1 billion 2. dollars 3. Elder son is richer by 2 billion dollars Younger son is richer by 2 billion 4. dollars 5. None of these

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Let us evaluate the individual net worth of the sons according to the current valuation of the sta... View the full answer