View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Part 1: Chapter 5, The Cloister at Wilshire and Rodeo.

Multiple Choice Questions

1. For whom did Milken do trading?
(a) only for himself now because he was making so much money
(b) just for Drexel Burnham Lambert because of the volume of work
(c) only for family and friends to keep attention away from himself
(d) not only for customers, but also his own account and his group's account

2. Why was Milken nervous about the large deals?
(a) because of the drain on Drexel finances
(b) because of the people running the companies
(c) because of the size
(d) because of the economy

3. What was it about Milken that impressed his clients?
(a) his connections with politicians and movie stars
(b) his knowledge and memory for details about every bond there was.
(c) his inside information about the junk bond companies
(d) his willingness to bargain when he sold them junk bonds

4. What did the Milken Group do in 1983?
(a) started buying up real estate in Los Angeles
(b) began making large charitable contributions
(c) moved from Century City to a building at Wilshire Boulevard and Rodeo Drive
(d) cancel the annual Preditors' Ball

5. What did Milken's involvement in this business do for him personally?
(a) He married a movie star.
(b) He was finally able to take the train.
(c) He finally gained respect from Burnham.
(d) He became very wealthy.

Short Answer Questions

1. What was the average net worth of members of Milken's core group after being with him five years?

2. When he heard on the radio about a change in options to buy stocks, what did Milken do that saved Drexel Burnham Lambert?

3. What was the estate they bought?

4. What did Milken offer this market segment?

5. What was the purpose of Fred Joseph's meeting at the Barbizon Plaza in New York?

(see the answer key)

This section contains 373 words (approx. 2 pages at 300 words per page) View a FREE sample