The company is negotiating to sell its profitable credit card subsidiary, which it plans to use money from to acquire some of the mortgage-servicing operations that are being sold by troubled savings institutions.

(A) subsidiary, which it plans to use money from

(B) subsidiary, from which it plans to use money

(C) subsidiary, and it plans the use of money from that

(D) subsidiary and plans to use money from that sale

(E) subsidiary and plans the use of money from that sale

___

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Solution

A + B are out because of improper reference of which.
(C) subsidiary, and it plans the use of money from that
that --> should point to SALE and not verb sell
(D) subsidiary and plans to use money from that sale
OK.
(E) subsidiary and plans the use of money from that sale
wordy

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A + B are out because of improper reference of which. (C) subsidiary, and it plans the use of money from that that --> should point to SALE and not verb sell (D) subsidiary and plans to use money from that sale OK. (E) subsidiary and plans the use of money from that sale wordy

A + B are out because of improper reference of which.
(C) subsidiary, and it plans the use of money from that
that --> should point to SALE and not verb sell
(D) subsidiary and plans to use money from that sale
OK.
(E) subsidiary and plans the use of money from that sale
wordy