1. What did the Milken brothers do probably without notifying Drexel?
(a) buy into a number of smaller investment firms
(b) investment partnerships that were to be registered with Bear Stearns
(c) set up their own investment banking business
(d) underwrite bond issues in excess for $1 trillion

2. What kind of business did Milken's Belvedere Securities do?
(a) traded bonds anonymously for clients of Drexel
(b) traded the body of the bond separate from its coupons
(c) traded business secrets learned in hostile takeovers
(d) traded new lamps for old in a manner of speaking

3. Why was Revlon attracting raiders?
(a) Its stock was steadily growing.
(b) The company was getting larger every year.
(c) The company's stock was trading below its breakup value.
(d) Some were trying to take advantage of the death of Charles Revson.

4. Why was the Revlon takeover a landmark case for Perelman and Drexel?
(a) This one was almost as large as the Phillips Petroleum takeover.
(b) The most impassioned corporate defenders were united against Milken's onslaught.
(c) If Perelman won, it would set the precedent for other such takeovers.
(d) Because of its base of female customers, Revlon was vulnerable to bad publicity.

5. What two large companies did Drexel underwrite bond issues for in a ten-day period?
(a) Disney Studios and the LA Dodgers
(b) Boeing Aricraft and United Supermarkets
(c) MGM/UA Entertainment Company and MCI Communications
(d) Paramount Pictures and General Motors