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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. What two large companies did Drexel underwrite bond issues for in a ten-day period?
(a) Paramount Pictures and General Motors
(b) MGM/UA Entertainment Company and MCI Communications
(c) Boeing Aricraft and United Supermarkets
(d) Disney Studios and the LA Dodgers

2. To troubled businesses, what was Drexel's unregistered exchange offer?
(a) trading under the table
(b) creating additional Chinese paper
(c) lowering their interest rates to businesses
(d) a way of using stocks or bonds to meet the interest obligations

3. What did Milken offer this market segment?
(a) ten cents on the dollar
(b) a hope for recovery
(c) a new kind of debt instrument
(d) a protection from takeover

4. For what did Boesky claim a $5.3 million payment was made to Drexel?
(a) investing in Drexel
(b) consulting
(c) a loan to Drexel
(d) buying back bonds

5. By 1986, who was the largest stockholder in Drexel Burnham Lambert?
(a) Michael Milken
(b) the Milken Family Trust
(c) Lowell Milken
(d) Grace Milken

Short Answer Questions

1. What company was a proxy fight that Carl Ichan lost?

2. What was another company Wedvick used in his investment scheme?

3. Who made the acquisition in the American Natural Resources (ANR) case?

4. To find more ways for their clients to make money, to what did Milken and Joseph turn their attention?

5. Who made the contact for Wedvick with Kansa?

(see the answer key)

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