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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 did Milken's involvement in this business do for him personally?
(a) He finally gained respect from Burnham.
(b) He married a movie star.
(c) He became very wealthy.
(d) He was finally able to take the train.

2. What was Ichan able to do after he got a seat on the board of Tappan?
(a) He maneuvered the sale of the company to AB Electrolux.
(b) He took over running the company.
(c) He was able to raise the stock prices.
(d) He prevented the company from being taken over.

3. Who was another player involved in the National Can takeover attempt?
(a) Lowell Milken
(b) Victor Posner
(c) Gerald Guteman
(d) Oscar Wyatt

4. What was the result when rules on M&A were finally adopted by the Congress?
(a) They put everyone out of business.
(b) They were easy for the investment banking firms to get around.
(c) They made it almost impossible for raiders to operate.
(d) They made it impossible to sell parts of a company to pay for the acquisition.

5. When inflation raised the value of assets but not stock prices, what was the result?
(a) It was cheaper to buy a company than to start out from scratch.
(b) Junk bonds became less useful in building wealth.
(c) People began selling their stocks to start new businesses.
(d) People stopped buying stocks and company values soared.

Short Answer Questions

1. By 1981, what was Drexel responsible for?

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

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

4. What made a Wickes takeover so attractive to Sanford Sigoloff?

5. What influenced Milken to become interested in low grade bond portfolios?

(see the answer key)

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