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This quiz consists of 5 multiple choice and 5 short answer questions through Part 1: Chapter 4, Merge with Mike.

Multiple Choice Questions

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

2. By 1986, who was the largest stockholder in Drexel Burnham Lambert?
(a) Lowell Milken
(b) Michael Milken
(c) Grace Milken
(d) the Milken Family Trust

3. What was Milken's problem with back office people at Drexel?
(a) He did not work well with Jewish people.
(b) He was less educated than they were.
(c) He could not communicate with them.
(d) He did not understand their work.

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

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

Short Answer Questions

1. By 1981, what was Drexel responsible for?

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

3. Why did Milken take the bus from New Jersey to Wall Street?

4. What commission did Drexel make on these funds?

5. Why did Drexel have to separate from J. P. Morgan?

(see the answer key)

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