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"Lady Godiva rode naked through the streets "
Does "naked" act as an adverb in the above sentence modifying "rode" ?
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No, it's an adjective. Because of its placement, however, I can understand your confusion.
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"Lady Godiva rode through the streets,naked. "
Can we rewrite the previous sentence as this ?
Debpriya De"Lady Godiva rode through the streets,naked. "Can we rewrite the previous sentence as this ?
Absolutely.