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

2. How did Milken break into the Las Vegas gambling business community?
(a) Milken showed the casino owners how they could double their income.
(b) Milken traveled every weekend to gamble in Las Vegas.
(c) Milken helped Steve Wynn raise the funds he needed to build in Atlantic City.
(d) Milken lowered his commissions to get large casino business.

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 did not understand their work.
(d) He could not communicate with them.

4. Why did Drexel have to separate from J. P. Morgan?
(a) the enactments of the Glass-Steagall Act in 1934
(b) the final break up of J. P. Morgan and Company
(c) a disagreement between Drexel and Morgan
(d) the regulations of the sherman Anti-Trust Act

5. What does FIFI stand for?
(a) Fund Income from Favored Investors
(b) First Investors Fund for Income
(c) Field Investment File Information
(d) Five Investment Features Initiative

Short Answer Questions

1. What benefit did Milken arrange for his low grade investment group for the next 14 years?

2. What was the purpose of Fred Joseph's meeting at the Barbizon Plaza in New York?

3. What was the address of the new building in L. A.?

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

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

(see the answer key)

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