LAST year, the Regents of the University of California approved a proposal to test the viabilityof offering a bachelor's degree that could be earned entirely online.
去年，加州州立大学评议会批准了测试完全在网上取得学士学位可能性的提议。
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That number is important because the viabilityof the IPO will hinge to a large degree on whether Wall Street has enough confidence in Kayak to buy into that valuation.