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Half would be 50% of something. So half of half would be 25% of something.
If you have half of something and you cut it in half again, you get the fraction of 1/4.
it would have less value, because 10x1=10 but when you do something like half of one it is half the number that your multiplying it by example: 10x1/2=5 (one half of 10 is 5)
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A half is one of two equal parts of something divided.