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This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 15, Boesky Day.

Multiple Choice Questions

1. How did Milken decide to help Peltz?
(a) by advision him how to avoid bankruptcy
(b) by making him a partner in his bond business
(c) by underwriting $100 million in junk bonds for Triangle
(d) by loaning him $10 million from his personal fortune

2. What concept did Milken continue to support?
(a) the owner-manager of businesses
(b) the legality of takeovers
(c) the switch to high-yield securities
(d) the cautions of using junk bonds

3. Who were some customers who received better deals from Milken?
(a) Murdock and Turner
(b) Perelman and Rocho
(c) Oscar Wyatt and Coastal Corporation
(d) Carl Icahn and Samuel Heyman

4. What did Carl Ichan become known as?
(a) a movie mogul
(b) a takeover specialist, especially hostile takeovers
(c) going bankrupt
(d) losing proxy fights

5. What did the 1985 President's Council of Economic Advisers report on the issue of M&A conclude?
(a) that it was too small a matter to be concerned with
(b) that they were very beneficial for the economy
(c) that M&A was written into the Constitution
(d) that more study needed to be done

Short Answer Questions

1. What was the result in 1974 when International Nickel Company raided ESB?

2. How did Milken's unit function within the larger firm?

3. What did Milken offer this market segment?

4. What did Milken demand from everyone around him?

5. What was the result of Tax Law reform in 1981?

(see the answer key)

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