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# A mutual fund having billions of dollars in assets will

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Re: A mutual fund having billions of dollars in assets will  [#permalink]

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11 Mar 2015, 04:03
nikhilbajpai wrote:
Just one word for the explanation is enough, PARALLELISM.

A mutual fund having....holding....

I don't think "holding" has anything to do with "having". So, even if the sentence was:

A mutual fund with billions of dollars in assets...

The answer would still have been A.
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Re: A mutual fund having billions of dollars in assets will  [#permalink]

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29 Aug 2015, 21:37
1
ChrisLele wrote:
A mutual fund having billions of dollars in assets will typically invest that money in hundreds of companies, rarely holding more than one percent of the shares of any particular corporation.

(A) companies, rarely holding more than one percent

The clause 'rarely holding...' correctly modifies the subjet 'mutual fund.'

(B) companies, and it is rare to hold at least one percent or more

Here the 'it' is vague and unnecessary.

(C) companies and rarely do they hold more than one percent

Who is the 'they'? If we are referring to the companies than doing so is misleading. The original sentence makes it clear the mutual fund is doing the holding.

(D) companies, so that they rarely hold more than one percent

Same as (C).

(E) companies; rarely do they hold one percent or more

Once again, the misleading 'they.'

in choice B, isn't the "it" place holder it..? referring to "to hold...". i am not getting convinced that it is ambiguous.
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Re: A mutual fund having billions of dollars in assets will  [#permalink]

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14 Jul 2016, 02:17
betterscore wrote:
A mutual fund having billions of dollars in assets will typically invest that money in hundreds of companies, rarely holding more than one percent of the shares of any particular corporation.

(A) companies, rarely holding more than one percent
(B) companies, and it is rare to hold at least one percent or more
(C) companies and rarely do they hold more than one percent
(D) companies, so that they rarely hold more than one percent
(E) companies; rarely do they hold one percent or more

If you are good with clauses you'd have noticed the error straight away. The second part is a modifier. So it can't have a) conjenction b) subject. Only A holds
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Re: A mutual fund having billions of dollars in assets will  [#permalink]

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12 Sep 2016, 11:42
betterscore wrote:
A mutual fund having billions of dollars in assets will typically invest that money in hundreds of companies, rarely holding more than one percent of the shares of any particular corporation.

(A) companies, rarely holding more than one percent
(B) companies, and it is rare to hold at least one percent or more
(C) companies and rarely do they hold more than one percent
(D) companies, so that they rarely hold more than one percent
(E) companies; rarely do they hold one percent or more

what's the problem in E? how can i eliminate E without seeing the problem ''they''?
Thanks...
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Re: A mutual fund having billions of dollars in assets will  [#permalink]

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29 Sep 2016, 23:27
dear experts, would you please to confirm my approach?
I found I missed the point although I picked up A, so I desires to get your confirmation.

Quote:
(B) companies, and it is rare to hold at least one percent or more

"to hold" is the subject of the second sentence, which conveys that the action "to hold" is rare, -- OUT

Quote:
(C) companies and rarely do they hold more than one percent

two complete sentences without a conjunction or semicolon --- OUT

Quote:
(D) companies, so that they rarely hold more than one percent

so that cannot be a conjunction, same issue as C, --- OUT

Quote:
(E) companies; rarely do they hold one percent or more

I hesitated A and E, because I did not figure out the pronoun issue when approaching , and picked up A eventually,
hope this won't happened when join the test.

thanks a lot
have a nice day
>_~
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Re: A mutual fund having billions of dollars in assets will  [#permalink]

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01 Oct 2016, 03:55
zoezhuyan wrote:
dear experts, would you please to confirm my approach?
I found I missed the point although I picked up A, so I desires to get your confirmation.

Quote:
(B) companies, and it is rare to hold at least one percent or more

"to hold" is the subject of the second sentence, which conveys that the action "to hold" is rare, -- OUT

Quote:
(C) companies and rarely do they hold more than one percent

two complete sentences without a conjunction or semicolon --- OUT

Quote:
(D) companies, so that they rarely hold more than one percent

so that cannot be a conjunction, same issue as C, --- OUT

Quote:
(E) companies; rarely do they hold one percent or more

I hesitated A and E, because I did not figure out the pronoun issue when approaching , and picked up A eventually,
hope this won't happened when join the test.

thanks a lot
have a nice day
>_~

All your explanations are alright except that in D. In D "so that" is wrong because "so that" indicates an effect of something - here the implication is not an effect, but a means of doing something.

I opened the window, so that fresh air may come in... correct (effect)
I opened the window, so that I turned the latch..... wrong (means of doing: I opened the window, turning the latch... correct)
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Re: A mutual fund having billions of dollars in assets will  [#permalink]

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05 Nov 2016, 15:00
Split1) SVA. "A mutual fund" is singular and "they" is plural. C,D, and E are out.

Split2) in B the empty "it" makes the sentence less clear. B is out.
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Re: A mutual fund having billions of dollars in assets will  [#permalink]

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03 May 2017, 22:35
1
betterscore wrote:
The Official Guide for GMAT Review 2016

Practice Question
Question No.: SC 96
Page: 691

A mutual fund having billions of dollars in assets will typically invest that money in hundreds of companies, rarely holding more than one percent of the shares of any particular corporation.

(A) companies, rarely holding more than one percent
(B) companies, and it is rare to hold at least one percent or more
(C) companies and rarely do they hold more than one percent
(D) companies, so that they rarely hold more than one percent
(E) companies; rarely do they hold one percent or more

First Glance

The underline contains a comma; because the answers are short, glance down at the differences surrounding the comma. There's a split between "comma -ing" and a participle modifier (holding) and and. Also, one answer has a semicolon. Look for Structure, Meaning, and Modifier issues.

Issues

(1) Meaning: and

Compare the beginnings of each answer vertically. Answers (B) and (C) insert the conjunction and, turning the "comma -ing" into an independent clause.

In the original sentence, the fact that the mutual fund invests in so many different companies results in the fact that the fund holds only a very small share of each company. When answers (B) and (C) insert the word and, they change what used to be a modifier into a separate clause. Two independent clauses should be read as two independent pieces of information unless some word exists to create a cause-effect relationship.

For example: Yesterday, Xiying visited the shoe store and she bought some milk. Those are two separate pieces of information (She probably didn't buy milk at the shoe store!); the only connection is that she did both things yesterday.

The sentence should contain a cause-effect relationship. Eliminate answers (B) and (C).

(2) Pronoun: they
Meaning: it

Continue to compare the answers vertically. Answer (B) introduces a pronoun, it; answers (C), (D), and (E) contain the pronoun they. Which nouns do these pronouns refer to?

They is a plural pronoun, but in all three cases, the pronoun is meant to refer to the singular noun mutual fund. Eliminate answers (C), (D), and (E).

In answer (B), the pronoun it does not refer to the mutual fund, rather, it is a dummy pronoun, as in the sentence "It is raining outside." Is there anything wrong with that? yes. The second half of answer (B) never clearly indicates that it is talking about the mutual fund. Eliminate answer (B) for faulty meaning.

Correct answer (A) uses a participle modifier to convey a cause-effect meaning. It avoids the pronoun issues by not using a pronoun at all.
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Re: A mutual fund having billions of dollars in assets will  [#permalink]

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04 May 2017, 11:35
ChrisLele wrote:
A mutual fund having billions of dollars in assets will typically invest that money in hundreds of companies, rarely holding more than one percent of the shares of any particular corporation.

(A) companies, rarely holding more than one percent

The clause 'rarely holding...' correctly modifies the subjet 'mutual fund.'

(B) companies, and it is rare to hold at least one percent or more

Here the 'it' is vague and unnecessary.

(C) companies and rarely do they hold more than one percent

Who is the 'they'? If we are referring to the companies than doing so is misleading. The original sentence makes it clear the mutual fund is doing the holding.

(D) companies, so that they rarely hold more than one percent

Same as (C).

(E) companies; rarely do they hold one percent or more

Once again, the misleading 'they.'

I don't understand why the clause correctly modifies the subject mutual found. Shouldn't a noun an a modifier always touch each other? Could you give me some further explanations?
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16 May 2017, 07:26
betterscore wrote:
The Official Guide for GMAT Review 2016/2017

Practice Question
Question No.: SC 96/763
Page: 691/701

A mutual fund having billions of dollars in assets will typically invest that money in hundreds of companies, rarely holding more than one percent of the shares of any particular corporation.

(A) companies, rarely holding more than one percent
(B) companies, and it is rare to hold at least one percent or more
(C) companies and rarely do they hold more than one percent
(D) companies, so that they rarely hold more than one percent
(E) companies; rarely do they hold one percent or more

A Correct.
B "At least one percent or more" is redundant.
C "They" presumably refers to "companies," but the mutual fund holds the shares.
D "So that" implies a logical consequence, but that relationship does not hold here.
E "They" is ambiguous.
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Re: A mutual fund having billions of dollars in assets will  [#permalink]

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17 May 2017, 00:34
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We can shoot down C, D, and E in one stroke on SV mismatch of 'a mutual fund' with 'they'. Rarely holding at least one percent as in B is not implied in the next. Since one percent is the cut-off, it might be normal to hold up to one percent and not rare to hold as made out.
A is the correct choice with the adverbial modifier referring to the mutual fund's investing in multiple companies.
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Re: A mutual fund having billions of dollars in assets will  [#permalink]

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17 May 2017, 02:18
betterscore wrote:
The Official Guide for GMAT Review 2016/2017

Practice Question
Question No.: SC 96/763
Page: 691/701

A mutual fund having billions of dollars in assets will typically invest that money in hundreds of companies, rarely holding more than one percent of the shares of any particular corporation.

(A) companies, rarely holding more than one percent
(B) companies, and it is rare to hold at least one percent or more
(C) companies and rarely do they hold more than one percent
(D) companies, so that they rarely hold more than one percent
(E) companies; rarely do they hold one percent or more

in the pattern
"it is rare to do something".
to do refer to no agent/noun in the sentence. we have no agent who make "to do". "to do " here refers to general action.

it is good to learn English

there is no persons in the sentence who make action of "to learn".

in contrast, in the pattern
main clause+ to do
"to do" shows a future action which will be done by the subject of the sentence

I learn gmat to go to US.

the future action is "to go" will be done by "I".

in choice B, there is no agent which perform "to hold". this make a serious meaning error. B is wrong
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21 Aug 2017, 03:45
(A) companies, rarely holding more than one percent correct
(B) companies, and it is rare to hold at least one percent or more Changes the intended meaning
(C) companies and rarely do they hold more than one percent they? S-V agreement
(D) companies, so that they rarely hold more than one percent they? S-V agreement
(E) companies; rarely do they hold one percent or more they? S-V agreement
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Re: A mutual fund having billions of dollars in assets will  [#permalink]

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15 Oct 2017, 22:49
A mutual fund having billions of dollars in assets will typically invest that money in hundreds of companies, rarely holding more than one percent of the shares of any particular corporation.

(A) companies, rarely holding more than one percent - Correct
(B) companies, and it is rare to hold at least one percent or more - using ‘and’, the sentence distorts the meaning by eliminating the cause and effect relationship of the original sentence ; usage of at least .. or more is redundant
(C) companies and rarely do they hold more than one percent - ‘they’ is plural and ‘mutual fund’ is singular ; part after ‘and’ is an independent clause and thus needs to be connected using ‘comma+and’ with the previous independent clause
(D) companies, so that they rarely hold more than one percent - ‘they’ is plural and ‘mutual fund’ is singular
(E) companies; rarely do they hold one percent or more - ‘they’ is plural and ‘mutual fund’ is singular

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Re: A mutual fund having billions of dollars in assets will  [#permalink]

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15 Oct 2017, 23:13
A mutual fund having billions of dollars in assets will typically invest that money in hundreds of companies, rarely holding more than one percent of the shares of any particular corporation.

(A) companies, rarely holding more than one percent
(B) companies, and it is rare to hold at least one percent or more
(C) companies and rarely do they hold more than one percent
(D) companies, so that they rarely hold more than one percent
(E) companies; rarely do they hold one percent or more

Rarely holding correctly modifies mutual funds - Hence A is correct
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Re: A mutual fund having billions of dollars in assets will  [#permalink]

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15 Oct 2017, 23:52
betterscore wrote:
A mutual fund having billions of dollars in assets will typically invest that money in hundreds of companies, rarely holding more than one percent of the shares of any particular corporation.

(A) companies, rarely holding more than one percent
(B) companies, and it is rare to hold at least one percent or more
(C) companies and rarely do they hold more than one percent
(D) companies, so that they rarely hold more than one percent
(E) companies; rarely do they hold one percent or more

the second clause is the result of first clause,,,
A is the best
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16 Oct 2017, 00:34
betterscore wrote:
A mutual fund having billions of dollars in assets will typically invest that money in hundreds of companies, rarely holding more than one percent of the shares of any particular corporation.

(A) companies, rarely holding more than one percent
(B) companies, and it is rare to hold at least one percent or more
(C) companies and rarely do they hold more than one percent
(D) companies, so that they rarely hold more than one percent
(E) companies; rarely do they hold one percent or more

in choice A
doing in this pattern is used to show an action which is a part of main action in the main clause. this concept is tested frequently on gmat and hard and basis.
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A mutual fund having billions of dollars in assets will  [#permalink]

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30 Oct 2017, 00:23
Hi egmat and ChrisLele
I have two doubts regarding the question
B) Isn't "It" in option B a placeholder pronoun referring to "to hold..". I am unable to understand why we are eliminating it because of ambiguity.
A)Isn't option (A) a run-on sentence as two independent clauses are separated by a comma. If not then what is the function on comma here?
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A mutual fund having billions of dollars in assets will  [#permalink]

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30 Oct 2017, 08:22
anandch1994 wrote:
Hi egmat and ChrisLele
I have two doubts regarding the question
B) Isn't "It" in option B a placeholder pronoun referring to "to hold..". I am unable to understand why we are eliminating it because of ambiguity.
A)Isn't option (A) a run-on sentence as two independent clauses are separated by a comma. If not then what is the function on comma here?

B) You are right in that "it" is placeholder for "to hold". However the ambiguity is not in reference of the pronoun "it", but in that it is not clear who rarely holds the shares - the relation between the second clause ( after "and") and the first is not understood from this construction.

A) No run-on here - the part after comma is NOT an independent clause, but a present participle modifier - comma + present participle modifier is often used as an adverbial modifier to refer to the verb of the preceding modifier ( in words of some GMAT guides: used to refer to the entire preceding clause).
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Re: A mutual fund having billions of dollars in assets will  [#permalink]

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30 Oct 2017, 10:16
anandch1994 wrote:
Hi egmat and ChrisLele
I have two doubts regarding the question
B) Isn't "It" in option B a placeholder pronoun referring to "to hold..". I am unable to understand why we are eliminating it because of ambiguity.
A)Isn't option (A) a run-on sentence as two independent clauses are separated by a comma. If not then what is the function on comma here?

Hello anandch1994,

Thank you for the query.

Although both your doubts have already been addressed, I have a very different take on the usage of the pronoun it in Choice B.

IMHO, the pronoun it is not a placeholder in Choice B. It is a pronoun that refers to the noun A mutual fund because the context of the sentence clearly states that a mutual fund rarely holds more than one percent of the shares of any particular corporation.

Choice B is incorrect because

i. The cause-and-effect relationship suggested in the original sentence is lost.
ii. The original sentence says that the said mutual fund rarely holds more than one percent of share. It means that the if said mutual fund hold the shares, it just holds one percent of share. However, Choice B says that it is rare to hold at least one percent or more. The structure suggests that the said mutual fund does not even hold one percent or more.

Also, please bear in mind that a placeholder pronoun does NOT refer to anything at all.

Hope this helps.
Thanks.
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