Meaning of notation $\{0,1/2,1\}^V$.

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In the context of studying a polyhedral search space I am asked to prove that the set of extremal points is a subset of $\{0,1/2,1\}^V$?

I do vaguely remember having seen this before, in algebra, where it was related to some kind of dual space and something to do with homomorphisms. Can anyone help?