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# The Colorado trading community paid a huge premium when it chose

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BSchool Forum Moderator
Joined: 29 Jan 2015
Posts: 1419
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WE: General Management (Non-Profit and Government)

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26 Sep 2017, 06:21
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Difficulty:

95% (hard)

Question Stats:

28% (01:42) correct 72% (01:38) wrong based on 433 sessions

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The Colorado trading community paid a huge premium when it chose to invest the entire pension corpus into technology stocks on July 15th 2001 of firms who were known to make large number of stock buybacks and ESOP purchases.

A. of firms who were known to make
B. when it is known that firms made
C. at which firms are known to have made
D. that firms are known to be making
E. at which it is known that firms had made

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Senior Manager
Joined: 28 May 2017
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Concentration: Finance, General Management

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26 Sep 2017, 07:40
rohan2345 wrote:
The Colorado trading community paid a huge premium when it chose to invest the entire pension corpus into technology stocks on July 15th 2001 of firms who were known to make large number of stock buybacks and ESOP purchases.

A. of firms who were known to make
B. when it is known that firms made
C. at which firms are known to have made
D. that firms are known to be making
E. at which it is known that firms had made

Dear Rohan,

Could you kindly share the source of this question.

My two cents on this question.
Option C is absolutely INCORRECT. Even use of WHEN in non-underlined portion is INCORRECT as per GMAT
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Joined: 30 Aug 2017
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Location: Korea, Republic of
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27 Sep 2017, 06:17
my answer is B

Is there anyone can explain why B is wrong?
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Joined: 27 Nov 2016
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22 Dec 2017, 07:21
34. The Colorado trading community paid a huge premium when it chose to invest the entire pension corpus into technology stocks on July 15th 2001 of firms who were known to make large number of stock buybacks and ESOP purchases.
A. of firms who were known to make
B. when it is known that firms made
C. at which firms are known to have made
D. that firms are known to be making
E. at which it is known that firms had made

Can someone please explain what is the error with option A?
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Concentration: Social Entrepreneurship, Leadership
GMAT 1: 660 Q47 V34
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14 Jan 2018, 02:37
Couldn't understand the question at all! Please help in comprehending the same
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16 Jan 2018, 00:18
between B and C , I think C is right.
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16 Jan 2018, 04:43
1
rever08 wrote:
Couldn't understand the question at all! Please help in comprehending the same

OA (option C) conveys the following meaning:

Firms are known to have made large number of buybacks and purchases at technology stocks ("at which"). The Colorado trading community invested into these technology stocks and while doing so paid a huge premium.
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16 Jan 2018, 10:14
Somebody please explain the options
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04 Feb 2019, 08:07
1
rohan2345 wrote:
The Colorado trading community paid a huge premium when it chose to invest the entire pension corpus into technology stocks on July 15th 2001 of firms who were known to make large number of stock buybacks and ESOP purchases.

A. of firms who were known to make
B. when it is known that firms made
C. at which firms are known to have made
D. that firms are known to be making
E. at which it is known that firms had made

This is more on the meaning side, So i made an investment of my pension fund on those stocks which will give me the maximum return, but my stocks didn't perform well so i had to pay a price for it.

With that in mind, lets look at the options
A. of firms who were known to make
Who is only used to present people -> eliminate

B. when it is known that firms made
When is incorrectly used here -> Out

C. at which firms are known to have made
Since i will make a profit at some stocks, this relates with what i had stated.

D. that firms are known to be making
They are still not making any profit -> Out

E. at which it is known that firms had made
Why are we using past perfect tense here ?? -> Out
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05 Feb 2019, 05:58
sayantanc2k
is the use of "at which" correct here?

Please explain when can we use this term correctly
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Location: Austria

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05 Feb 2019, 13:24
It has to be that the use of “who” in answer choice A is wrong.

Aside from the fact that there’s an “a” missing between the answer choice and the remaining sentence, and that “investing at companies” sounds strange, C seems somewhat reasonable...

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Joined: 22 Oct 2017
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06 Feb 2019, 09:44
KanishkM wrote:
rohan2345 wrote:
The Colorado trading community paid a huge premium when it chose to invest the entire pension corpus into technology stocks on July 15th 2001 of firms who were known to make large number of stock buybacks and ESOP purchases.

A. of firms who were known to make
B. when it is known that firms made
C. at which firms are known to have made
D. that firms are known to be making
E. at which it is known that firms had made

C. at which firms are known to have made
Since i will make a profit at some stocks, this relates with what i had stated.

Can you please explain in detail and with other examples the meaning for the "at which" used in this case, please??
Re: The Colorado trading community paid a huge premium when it chose   [#permalink] 06 Feb 2019, 09:44
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# The Colorado trading community paid a huge premium when it chose

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