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This quiz consists of 5 multiple choice and 5 short answer questions through Part 1: Chapter 3, Transformation.

Multiple Choice Questions

1. Who was Dr. Feelgood of Drexel?
(a) Fred Joseph
(b) Michael Milken
(c) Lowell Milken
(d) Tubby Burnham

2. Where did Milken and his wife buy a house?
(a) San Clemente
(b) Encino
(c) Beverley Hills
(d) Santa Monica

3. What influenced Milken to become interested in low grade bond portfolios?
(a) the Hickman study, an analysis of bond yields
(b) an unexpected profit from his own low grade bonds
(c) the Morgan report on bond yields
(d) a course he took at Wharton

4. What was the address of the new building in L. A.?
(a) Hollywood and Vine
(b) Sunset and Vine
(c) Avenue of the Stars in Century City
(d) Rodeo Drive and Wilshire

5. What commission did Drexel make on these funds?
(a) seven eighths of a percent
(b) five eighths of a percent
(c) one percent
(d) three quarters of a percent

Short Answer Questions

1. What are REITs?

2. What was Milken's biggest contribution to Drexel in the early years?

3. Where did Milken want to move his bond operation unit in 1978?

4. What was Milken's problem with back office people at Drexel?

5. What were Milken's results the first year in his new position at Drexel Burnham?

(see the answer key)

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