Can two networks be part of the same third octet subnet? If both networks are connected to their own respective links, then could their addresses all be a part of the third octet subnet?
Say a network has a subnet mask of 10.47.80.0/24. Since the network prefix takes up 24 bits, we know that we have 8 bits worth of addresses that can be assigned to end systems connected to the subnet 10.47.80.0/24. Also say that I want to assign 128 [2^7 bits] of the addresses to one network and 128 to another. So basically, I want network #1 (which has 128 possible addresses) to be connected to its own link and network #2 (which has the other possible 128 addresses) to be connected to another link. (Both links, of course, would have a link between them).
Would it be possible to spread out all of the addresses of 10.47.80.0/24 over two networks separated by two links?
254.47.80.0/24
is an invalid network.240.0.0.0/4
block of addresses is reserved. See the IANA IPv4 Special-Purpose Address Registry, which points you to RFC 1112.