Name: _________________________ | Period: ___________________ |
This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. The ____ outlook of traders enables traders to exploit the weakness of their customers with virtual impunity.
(a) Wide.
(b) Short-term.
(c) Narrow.
(d) Long-term.
2. On Wall Street, there is no theoretical basis for pricing a homeowner's option to _____ his loan.
(a) Refinance.
(b) Inflate.
(c) Repay.
(d) Default on.
3. The author considers Bill Voute a _____.
(a) Derelict.
(b) King.
(c) Shyster.
(d) Mystery.
4. Tokyo is seemingly the obvious site for Salomon Brothers' global expansion because of Japan's _____.
(a) Financial regulations..
(b) Work ethic.
(c) Money-making machine.
(d) Trade surplus.
5. What is the name given to the junk bond seminar that Michael Milken speaks at every year in Beverly Hills?
(a) The Predator's Ball.
(b) The Junker's Ball.
(c) TheMoney Masquerade.
(d) The Golden Parachute.
Short Answer Questions
1. What is the biggest most expensive real estate project in Manhattan on which Salomon Brothers bails out at a $107 million loss?
2. Ranieri is the guru of the _____ industry.
3. What is another name for a call option?
4. In New York, when a trader is starting out, the excitement of being part of the action comes at the price _____.
5. The Salomon Brothers expense account is used as a _____ compensation system.
Short Essay Questions
1. From the moment the Federal Reserve lifted interest rates in October 1979, what happens to the thrifts?
2. Do bosses at Salomon Brothers think badly of employees who are not at their telephones all the time? Why or why not?
3. How does Bear Stearns take the $250 million loss that Howie Rubin incurs at Merrill Lynch?
4. What happens to the average age and the average age at Salomon Brothers in London in 1987?
5. What are the two kinds of friction at Salomon Brothers?
6. What is the "gospel according to Ranieri"?
7. How does Lewie Ranieri feel about Michael Milken? How does this differ from John Gutfreund's opinion of him?
8. What is a tombstone and how does it apply to the German interest warrant created by the author and Alexander?
9. What characterizes Stu Willicker's leadership style?
10. What is the relationship of IOs and POs to the market?
This section contains 756 words (approx. 3 pages at 300 words per page) |