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# V02-08

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Math Expert
Joined: 02 Sep 2009
Posts: 53066

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16 Sep 2014, 00:56
00:00

Difficulty:

35% (medium)

Question Stats:

66% (00:29) correct 34% (00:42) wrong based on 87 sessions

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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

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Math Expert
Joined: 02 Sep 2009
Posts: 53066

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16 Sep 2014, 00:56
1
3
Official Solution:

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

1. Choice A : The phrase from...up to is incorrect.
2. Choice B : The phrase of the dollar is incorrect.
3. Choice C : The phrase from...and is incorrect.
4. Choice D : The phrase of the dollar is incorrect.
5. Choice E : From...to is the correct use of a phrase indicating range. On the dollar is the correct use of a phrase to indicate a portion of currency. The sentence is also more concise than the original.

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Joined: 18 Aug 2014
Posts: 324

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01 Jan 2016, 14:55
Bunuel wrote:
Official Solution:

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

1. The phrase from...up to is incorrect.
2. The phrase of the dollar is incorrect.
3. The phrase from...and is incorrect.
4. The phrase of the dollar is incorrect.
5. From...to is the correct use of a phrase indicating range. On the dollar is the correct use of a phrase to indicate a portion of currency. The sentence is also more concise than the original.

I get this is a pretty clear cut problem and answer but I'm wondering in D and E, is there not an issue saying "10 to 40 cents"? I would would think there is slight ambiguity with 10 as in 10 what? 10 cents. Is this a grammar rule I am missing for this? It's still the top answer but i'm curious if that is in fact an issue or not so this is the lesser of two evils but still not a great answer.
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Joined: 13 Nov 2016
Posts: 4

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03 Dec 2016, 01:04
Same question as above
Retired Moderator
Joined: 14 Dec 2013
Posts: 2897
Location: Germany
Schools: German MBA
GMAT 1: 780 Q50 V47
WE: Corporate Finance (Pharmaceuticals and Biotech)

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03 Dec 2016, 05:58
rananava wrote:
Same question as above

Both the following are correct:
From (10 cents) to (40 cents).
From (10) to (40) cents.

If you consider that "cents" is within the parallel structure from X to Y, then it should be used twice, once in X and once in Y. If it is considered outside, then it should be used once - in that case it covers both.
Intern
Joined: 06 Jun 2018
Posts: 45
Location: India
Schools: IIMA PGPX"20 (D)
GMAT 1: 640 Q47 V30
GMAT 2: 540 Q42 V22
GPA: 3.7

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09 Oct 2018, 04:03
GMATNinja , sayantanc2k

Bunuel :

If the meaning is 10 to 40 cent portion of dollar then use of 'of' is more correct than 'on'. If stakeholders will get 10 to 40 cents of a dollar [additional] on each 1 dollar of share [i.e 1.10 to 1.40] or will get 10 to 40 cent of a dollar i.e. 10 to 40 cent out of a dollar ? I think both option D and E make sense so meaning of the sentence is more imp here.
V02-08   [#permalink] 09 Oct 2018, 04:03
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# V02-08

Moderators: chetan2u, Bunuel

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