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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 had been Perelman's greatest acquisition before Revlon?
(a) Cinemascope
(b) Todd-a-o
(c) NBC
(d) Technicolor

2. How did the investigation appear at first?
(a) It seemed impossible to find all the needed evidence.
(b) It seemed to involve Wall Street figures other than Milken and Drexel.
(c) It seemed to be only aimed at Milken.
(d) It seemed flimsy and not much to worry about.

3. What did the Revlon takeover prove?
(a) that Revlon stock was way overvalued
(b) that women will buy Revlon no matter who owns the company
(c) the power of Milken and junk bond financing
(d) that Perelman knew nothing about hostile takeovers

4. Why did none of the thirty bills introduced covering takeovers in 1984-85 pass?
(a) The Congress did not think it was an important matter.
(b) Congress was waiting for a supreme court decision.
(c) Drexel took leading politicians on a vacation to the Bahamas.
(d) Many politicians who received large contributions attended the Predators' Ball in 1986.

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

Short Answer Questions

1. What was the estate they bought?

2. What kind of business did Milken's Belvedere Securities do?

3. Why was Milken nervous about the large deals?

4. What was HITS?

5. What did Bergerac and his allies forget in the process of fighting the takeover?

(see the answer key)

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