GMAT Question of the Day - Daily to your Mailbox; hard ones only

 It is currently 20 Nov 2018, 16:43

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

## Events & Promotions

###### Events & Promotions in November
PrevNext
SuMoTuWeThFrSa
28293031123
45678910
11121314151617
18192021222324
2526272829301
Open Detailed Calendar
• ### All GMAT Club Tests are Free and open on November 22nd in celebration of Thanksgiving Day!

November 22, 2018

November 22, 2018

10:00 PM PST

11:00 PM PST

Mark your calendars - All GMAT Club Tests are free and open November 22nd to celebrate Thanksgiving Day! Access will be available from 0:01 AM to 11:59 PM, Pacific Time (USA)
• ### Free lesson on number properties

November 23, 2018

November 23, 2018

10:00 PM PST

11:00 PM PST

Practice the one most important Quant section - Integer properties, and rapidly improve your skills.

# A mutual fund having billions of dollars in assets will

Author Message
TAGS:

### Hide Tags

Retired Moderator
Status: worked for Kaplan's associates, but now on my own, free and flying
Joined: 19 Feb 2007
Posts: 4526
Location: India
WE: Education (Education)
Re: A mutual fund having billions of dollars in assets will  [#permalink]

### Show Tags

30 Oct 2017, 09:21
Top Contributor
The problem with B is that it implies that the fund may not hold even one percent. When so, logically it fails to answer how it can hold more than one percent. A, on the contrary makes it clear that the cap is one percent and no single investment may be even one plus a decimal. That is the actual impact of the altered intent of the phrase ' at least"
_________________

you can know a lot about something and not really understand it."-- a quote
No one knows this better than a GMAT student does.
Narendran +9198845 44509

Manager
Status: Aiming MBA!!
Joined: 19 Aug 2017
Posts: 114
Location: India
GMAT 1: 620 Q49 V25
GPA: 3.75
WE: Web Development (Consulting)
Re: A mutual fund having billions of dollars in assets will  [#permalink]

### Show Tags

02 Nov 2017, 03:52
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

INTENDED MEANING : -->
A mutual fund that has billions of dollars in assets will invest that money in hundreds of companies. Then, the sentence expresses the result of this clause using a verb-ing modifier.

Option Analysis
(A) Correct.

(B) Incorrect. For the following reasons:
-- Using ‘at least’ and ‘or more’ together is redundant;
-- This option presents the two ideas using ‘and’, thus distorting the meaning by eliminating the cause and effect relationship of the original sentence.

(C) Incorrect. For the following reasons:
--The part after ‘and’ is an independent clause and thus needs to be connected using ‘comma+and’ with the previous independent clause.
--Logically, we know that ‘they’ should refer to ‘mutual fund’. However, grammatically it cannot since ‘they’ is plural and ‘mutual fund’ is singular. So, we have a pronoun error.

(D) Incorrect. For the same pronoun error as in option C.
Here, the USAGE of "so that" is correct. It is used as "WITH THE RESULT THAT".

(E) Incorrect. For the same pronoun error as in option C
-- This option presents the two ideas using ‘;’, thus distorting the meaning by eliminating the cause and effect relationship of the original sentence.
Senior Manager
Joined: 29 Jun 2017
Posts: 431
Re: A mutual fund having billions of dollars in assets will  [#permalink]

### Show Tags

11 Nov 2017, 23:40
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

look at choice b,
it is rare
"it" here is fake subject and, so, it makes "to hold " become unclear. in the pattern

it is rare to do something

to do" show a general action which dose not belong to someone in the sentence

to hold in b is unclear. b is gone.
Manager
Joined: 25 Jul 2017
Posts: 96
Re: A mutual fund having billions of dollars in assets will  [#permalink]

### Show Tags

26 May 2018, 03:07
This question can be simply tackled by (1) pronoun mismatch & 2.) , + Verbing denoting cause and effect.

C,D & E are out as "they" are being used for the singular subject " A mutual fund company)
B is out for using atleast and more at the same time.
A is the answer, which is rightly depicting the cause & effect relationship by using VerbING.
Intern
Joined: 16 May 2016
Posts: 2
Schools: ISB '18, IIMB
Re: A mutual fund having billions of dollars in assets will  [#permalink]

### Show Tags

28 Oct 2018, 14:10
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.

I saw few posts that said, "rarely holding" modifies mutual fund and not companies.

But to me it was a verb-ing after a comma modifying the previous clause - "a mutual fund having billions of dollars".
Can it jump over other Nouns in this sentence to modify the "a mutual fund" ?

Need help here.
Re: A mutual fund having billions of dollars in assets will &nbs [#permalink] 28 Oct 2018, 14:10

Go to page   Previous    1   2   3   [ 45 posts ]

Display posts from previous: Sort by