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This quiz consists of 5 multiple choice and 5 short answer questions through Part 1: Chapter 4, Merge with Mike.
Multiple Choice Questions
1. Why did the new Drexel Burnham company give Milken a $2 million position?
(a) Milken was thinking of leaving.
(b) Milken would be the token Jew.
(c) Milken hid evidence from the SEC.
(d) Milken ochestrated the merger of Drexel and Burnham.
2. What commission did Drexel make on these funds?
(a) seven eighths of a percent
(b) five eighths of a percent
(c) three quarters of a percent
(d) one percent
3. Who moved to Los Angeles with Milken?
(a) most of his relatives
(b) most of his friends
(c) several Wall Street firms
(d) most of his staff
4. Where did Milken and his wife buy a house?
(a) Encino
(b) Beverley Hills
(c) San Clemente
(d) Santa Monica
5. What did Milken's involvement in this business do for him personally?
(a) He became very wealthy.
(b) He was finally able to take the train.
(c) He married a movie star.
(d) He finally gained respect from Burnham.
Short Answer Questions
1. What was Milken's problem with back office people at Drexel?
2. What did Milken offer this market segment?
3. What benefit did Milken arrange for his low grade investment group for the next 14 years?
4. Why did Drexel remain a privately-held company?
5. What advantage did Milken's kind of debt offer?
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