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
Doubt between options D and E
shareholders could receive from 10 to 40 cents on the dollar- is the correct usage.
On the dollar means in exchange for.
It is similar to-you will receive a discount on the purchase of something.
The propositions used play an important role.
Look at all the three sentences below-
I bought this table for a dollar.
The value of the dollar is plummeting.
The rate of taxation was 15 mills on the dollar.
We cannot replace any of these prepositions interchangeably.