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# 5) The company is in bankruptcy and has no dividends to pay;

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CEO
Joined: 15 Aug 2003
Posts: 3322
5) The company is in bankruptcy and has no dividends to pay;  [#permalink]

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22 Nov 2006, 16:27
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Question Stats:

78% (00:22) correct 22% (00:21) wrong based on 196 sessions

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5) The company is in bankruptcy and has no dividends to pay; however, if the merger with the larger company is successful, shareholders could receive from 10 cents on the dollar up to 40 cents on the dollar for their stock.

(A) from 10 cents on the dollar up to 40 cents on the dollar
(B) from 10 cents of the dollar to 40 cents of the dollar
(C) from 10 cents on the dollar and 40 cents on the dollar
(D) from 10 to 40 cents of the dollar
(E) from 10 to 40 cents on the dollar
Senior Manager
Joined: 12 Jun 2006
Posts: 496

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22 Nov 2006, 16:37
b/w D and E for me. I'm gonna go with E. I hear people say "x on the dollar" all the time. That may be reason enough not to choose it.
Intern
Joined: 19 Nov 2006
Posts: 42

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22 Nov 2006, 16:59
I'd go for E.

'A' would have been good if it was "10 cents on the dollar to 40 cents on the dollar". The "up" is tipping me off...
Manager
Joined: 08 Oct 2006
Posts: 182

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22 Nov 2006, 19:03
E. I believe- 'of' the dollar.

Thanks
VP
Joined: 21 Mar 2006
Posts: 1003
Location: Bangalore

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22 Nov 2006, 20:26
(A) from 10 cents on the dollar up to 40 cents on the dollar
(B) from 10 cents of the dollar to 40 cents of the dollar
(C) from 10 cents on the dollar and 40 cents on the dollar
(D) from 10 to 40 cents of the dollar
(E) from 10 to 40 cents on the dollar

- Need 'on the dollar'. B , D out.
- Need 'from - to' C out
- A is a little wordy though I can't see anything wrong with it.

E it is.

Praetorian, these are some real tough SCs!!!
Director
Joined: 21 Aug 2006
Posts: 890

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22 Nov 2006, 20:27
A, B, C are ruled out.

"on the dollar" sounds better.

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Director
Joined: 28 Dec 2005
Posts: 876

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22 Nov 2006, 20:29
I am going with E also.

"of the dollar" seems unnecessary when used in D, might as well just say 10 to 40 cents and ignore the dollar.
Manager
Joined: 01 Oct 2006
Posts: 229

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22 Nov 2006, 21:34
Praetorian wrote:

Hmmm...
so when you say 40 cents on the dollar, it means \$1.40 and 40 cents of the dollar would mean 40 cents?

Or is "on the dollar" usage wrong? But I think it is very common to say on the dollar.
Director
Joined: 17 Jul 2006
Posts: 604

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22 Nov 2006, 22:43
Praetorian wrote:

I'm bit late but picked only D.

of the dollar only.

Manager
Joined: 24 Dec 2011
Posts: 50
Location: India
GPA: 4
WE: General Management (Health Care)
Re: 5) The company is in bankruptcy and has no dividends to pay;  [#permalink]

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21 Nov 2017, 01:32
Plz provide expert reply to this post
Intern
Joined: 21 Nov 2013
Posts: 11
Location: India
Concentration: Finance, Economics
Schools: Mannheim"20 (A)
Re: 5) The company is in bankruptcy and has no dividends to pay;  [#permalink]

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13 Dec 2017, 03:34
5) The company is in bankruptcy and has no dividends to pay; however, if the merger with the larger company is successful, shareholders could receive from 10 cents on the dollar up to 40 cents on the dollar for their stock.

(A) from 10 cents on the dollar up to 40 cents on the dollar
(B) from 10 cents of the dollar to 40 cents of the dollar
(C) from 10 cents on the dollar and 40 cents on the dollar
(D) from 10 to 40 cents of the dollar
(E) from 10 to 40 cents on the dollar
Manhattan Prep Instructor
Joined: 22 Mar 2011
Posts: 1503
Re: 5) The company is in bankruptcy and has no dividends to pay;  [#permalink]

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28 Feb 2018, 11:04
"On the dollar" means "in exchange for/in correspondence with" a dollar. So someone who is paid 10 cents on the dollar earns 10c for something that would otherwise have earned them a dollar. This is a fairly common idiom used to describe discounts. It can also be used to describe relative earnings, such as when people lament that women are paid, on average, 72 cents on the dollar compared with men.

That leaves A and E. There's nothing actually wrong with A. E is more concise, but a valid GMAT question is unlikely to hinge on that.
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Re: 5) The company is in bankruptcy and has no dividends to pay;   [#permalink] 28 Feb 2018, 11:04
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