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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. What became the name of bonds that come into being during highly leveraged takeovers?
(a) Paper trails
(b) Chinese paper
(c) Hot paper
(d) Tickertape

2. How did Milken and his wife travel to Los Angeles?
(a) by car
(b) by private jet
(c) by train
(d) by bus

3. What was the estate they bought?
(a) the Pickford estate
(b) the Jackie Coogan estate
(c) the Judy Garland estate
(d) the Clark Gable-Carole Lombard estate

4. What was the Milken philosophy?
(a) to go after startup businesses
(b) to go after businesses that were sure to fail
(c) to go after businesses listed on the NYSE
(d) to go after businesses that were owner-managed

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

Short Answer Questions

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

2. What was Milken's problem with back office people at Drexel?

3. What was the address of the new building in L. A.?

4. What was one thing Lowell Milken did for the company?

5. How did Milken break into the Las Vegas gambling business community?

(see the answer key)

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