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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 did Drexel remain a privately-held company?
(a) Joseph refused to allow it to happen.
(b) Milken could then retain his need for secrecy.
(c) They did not want outsiders to get in on their business.
(d) It was too much of a temptation for a hostile takeover.

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

3. Why was Milken so interested in low grade bonds?
(a) equity offerings were not an option for the Drexel Burnham market
(b) they were the only ones he really understood
(c) he liked to gamble big time
(d) that was all he could afford

4. What is it called when a firm decides to commit its own capital toward a takeover?
(a) bridge financing
(b) highway financing
(c) piggybacking
(d) marginal financing

5. How were some people able to beat Milken on deals?
(a) by using illlegal means
(b) by attacking Milken
(c) by hiring better salesmen
(d) by offering better prices

Short Answer Questions

1. How did Milken and his wife travel to Los Angeles?

2. What does FIFI stand for?

3. Who told Perelman that Revlon was not for sale?

4. How much money and how fast did Drexel raise for the Phillips Petroleum proxy fight?

5. In what was Atlantic Capital involved?

(see the answer key)

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