Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through Part 2: Chapter 8, Icahn-TWA: From Greenmailer to Manager-Owner.
Multiple Choice Questions
1. What was the advantage FIFI and other like funds offer?
(a) more security than Treasury bonds
(b) simplicity of buying
(c) a higher yield than Treasury bonds
(d) better availability
2. What did Milken's involvement in this business do for him personally?
(a) He finally gained respect from Burnham.
(b) He was finally able to take the train.
(c) He married a movie star.
(d) He became very wealthy.
3. What did Joseph need to achieve his goal of making Drexel a world-class institution?
(a) to learn the definition of leveraged buyouts
(b) to get into M&A
(c) to stop dealing in junk bonds
(d) to mastermind an M&A for Drexel
4. Why did Posner back out of the National Can deal?
(a) He was diagnosed with cancer.
(b) Drexel worked against him.
(c) He decided on another acquisition.
(d) One of his companies went bankrupt.
5. What kind of business did Milken's Belvedere Securities do?
(a) traded bonds anonymously for clients of Drexel
(b) traded business secrets learned in hostile takeovers
(c) traded new lamps for old in a manner of speaking
(d) traded the body of the bond separate from its coupons
Short Answer Questions
1. Where did Milken want to move his bond operation unit in 1978?
2. Why was Milken so interested in low grade bonds?
3. Who moved to Los Angeles with Milken?
4. What did Milken and Joseph devise to keep business flowing during the recession?
5. Who made the acquisition in the American Natural Resources (ANR) case?
This section contains 315 words (approx. 2 pages at 300 words per page) |