Directions: You are provided with four sentences followed by four options. All the options suggest ways in which the given four sentences can be combined into a single sentence. Identify the option that suggests the best possible way, contextually and grammatically, to combine the given sentences implying the same meaning. The Ottoman Empire defaulted on half of its foreign debt in 1875; its creditors forced the Grand Vizier to accept a humiliating solution; its creditors were led by the Imperial Ottoman Bank; the solution included the right to collect some extremely important taxes by the creditors like stamp duty and alcohol duty.

• A. The Ottoman Empire defaulted on its foreign debt and in 1875 the creditors, led by the Imperial bank came up with a solution which included the right to collect some important taxes.
• B. The Ottoman empire, in 1875, defaulted on half of its foreign debt and the creditors, led by the Imperial Bank, decided to humiliate the Grand Vizier by collecting some critical taxes like stamp duty and alcohol duty by themselves.
• C. In 1875 the Ottoman Empire defaulted on half its foreign debt and its creditors, led by the Imperial Ottoman Bank, forced the empire’s grand vizier to accept a humiliating solution which included the right to collect some critical taxes themselves, including stamp duty and duties on alcohol.
• D. The creditors of the Ottoman Empire which had defaulted in 1875 on half of its foreign debt decided to be led by the Imperial Bank and forced a solution on the Grand Vizier which involved collecting some taxes on his behalf which were unimportant in nature as a warning.
• E. All of the above