I smashed up my Ranger about two weeks ago and one of the things I messed up was The Driver side fender. I happen to have a replacement Fender in my basement and I took a picture of the back side of it for you. The Fender Emblem is held on by two posts, but there are 3 holes behind it. The hole all the way on the left is not part of the emblem holes. Hope this helps some.
Guys, thanks for the feed back. Your help saved me a few bucks by not removing the emblems and having to buy replacements once I found out about the holes. I guess I'll have to live with the badges.