48.   According to some analysts, whatever its merits, the proposal to tax away all capital gains on short-term investments would, if enacted, have a disastrous effect on Wall Street trading and employment.
(A) its merit
48. According to some analysts, whatever its merits
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A
A.
A
This one took me some time to figure out, but I also think A. It’s the only one that isn’t grammatically incorrect, although it still makes the sentence very colloquial.
I think its E because there is no confusing “its” as in A
EEEEE
Take GMAT, what’s the answer?
answer is “A”….
E should be the one…