The Use of Race as a Factor in Admission to Law

question 20

Multiple Choice

The use of race as a factor in admission to law school was outlawed in the case of

• A) Grutter v. Bollinger.
• B) Brown v. Board of Education.
• C) Smith v. Allwright.
• D) Texas v. Johnson.
• E) Hopwood v. Texas.

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Definitions:

Exercise Price

The specified price at which the holder of an option can buy or sell the underlying security.

Risk-Free Rate Of Return

The theoretical rate of return of an investment with zero risk of financial loss, often represented by the yield of government bonds.

Exercise Price

The price at which the holder of an option can buy (in the case of a call option) or sell (in the case of a put option) the underlying asset or stock.

Pure Discount Bond

A type of bond that is purchased at a price lower than its face value, with the face value being repaid at the time of maturity. It does not pay periodic interest.