What Was the Result of the 2004 Case That Argued

question 24

Multiple Choice

What was the result of the 2004 case that argued that the phrase under God in the Pledge of Allegiance violated the First Amendment?

• A)The Supreme Court ruled that the phrase violated the establishment clause.
• B)The Supreme Court ruled that the phrase was protected by the free exercise clause.
• C)The Supreme Court ruled that the phrase was not protected by the free exercise clause.
• D)The Supreme Court did not rule on the issue; it dismissed the case on a technicality.

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Definitions:

Coupon Rate

Yearly interest earnings from a bond, shown as a percentage of its face value.

Par Value

A nominal value assigned to a share of stock as indicated in the corporate charter, not necessarily reflecting its market value.

Yield

The income return on an investment, such as the interest or dividends received, expressed annually as a percentage based on the investment's cost, its current market value, or its face value.

Quoted Price

The last price at which a security or commodity traded, often used as a reference to gauge market value.