GMAT Sentence Correction (SC) | Re: Declining values for bonds, the financial vehicles against

d.) which investors use as financial vehicles to hedge against to get through the bear market, are

e.) the financial vehicles against which investors hedge to get through the bear market, are

Well, in my opinion, E says that bonds are the financial vehicles against which investors hedge (the financial vehicles... is a modifier describing bonds), while D says that investors use them as financial vehicles. It's not exactly the same.

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