In the Case of Fisher V

question 12

Multiple Choice

In the case of Fisher v. University of Texas, the Supreme Court held that to use race as a criterion for admission,

• A) the university must demonstrate to a court that it is necessary.
• B) the university's decision to use race must fact "strict scrutiny."
• C) race could not be used in admission decisions.
• D) the university must demonstrate to a court that it is necessary andthe university's decision to use race must fact"strict scrutiny."

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Definitions:

Realized Compound Yield

The reflective measurement of the total returns on an investment, factoring in compounding interest or returns over a specified time frame.

Coupon Rate

The yearly rate of interest that the entity issuing a bond pays to the bondholders, represented as a percentage of the bond's principal value.

Yield To Maturity

The expected rate of return on a bond if held until its maturity date, reflecting both interest payments and any gain or loss if the bond was purchased at a discount or premium.

Convertible Bonds

Bonds that can be converted into a predetermined number of the issuer's equity shares at certain times during the bond's life, usually at the discretion of the bondholder.