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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. Why was Revlon attracting raiders?
(a) Some were trying to take advantage of the death of Charles Revson.
(b) The company was getting larger every year.
(c) The company's stock was trading below its breakup value.
(d) Its stock was steadily growing.

2. How did Milken break into the Las Vegas gambling business community?
(a) Milken showed the casino owners how they could double their income.
(b) Milken lowered his commissions to get large casino business.
(c) Milken traveled every weekend to gamble in Las Vegas.
(d) Milken helped Steve Wynn raise the funds he needed to build in Atlantic City.

3. What happened in April of 1987 while the investigation of Milken and Drexel was proceeding?
(a) Milken tried to bribe an FBI undercover agent.
(b) The Predators' Ball was cancelled.
(c) The 1987 Predators' Ball was held.
(d) Milken fled the country.

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

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

Short Answer Questions

1. What were many of the money managers who started with Milken in the late 1970s doing in the 1980s?

2. How did Drexel get around the law and continue the takeovers?

3. Why was the Technicolor acquisition so successful?

4. What benefit did Milken arrange for his low grade investment group for the next 14 years?

5. Why did Milken's people say they performed so well?

(see the answer key)

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