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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 Milken hold a mini-Predators' Ball in Tokyo?
(a) He did things like that on a whim.
(b) The Balls in Los Angeles were drawing too much publicity.
(c) He was invited by Japanese businessmen.
(d) He was looking at getting into foreign markets.

2. How much money and how fast did Drexel raise for the Phillips Petroleum proxy fight?
(a) 2 billion in one month
(b) a half billion in three days
(c) $10 million in a week
(d) $1.5 billion in forty-eight hours

3. Before Sigoloff switched to Drexel, who was handling his takeover bid for Wickes?
(a) Morgan Stanley
(b) Merrill Lynch
(c) Lehman Brothers
(d) Salomon Brothers

4. What are two other notable takeovers done by Perelman after Revlon?
(a) Hearst Corporation and Ford Motor Company
(b) CPC International and Transworld Corporation
(c) NBC-TV and Hertz Rent a Car
(d) Warner Brothers Studios and Coca Cola

5. When he heard on the radio about a change in options to buy stocks, what did Milken do that saved Drexel Burnham Lambert?
(a) made calls from pay phones
(b) stopped in St. Louis and started buying
(c) turned around and went back
(d) cabeled DBL to warn them

Short Answer Questions

1. What became the name of bonds that come into being during highly leveraged takeovers?

2. Who informed the SEC that he was attempting to gain control of Triagle Acquisition Corporation?

3. What did Milken and Joseph devise to keep business flowing during the recession?

4. What government regulation made it easier for multiple mergers in the 1980s?

5. What was the Milken philosophy?

(see the answer key)

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