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This quiz consists of 5 multiple choice and 5 short answer questions through Part 2: Chapter 8, Icahn-TWA: From Greenmailer to Manager-Owner.

Multiple Choice Questions

1. What is it called when someone holds a financial advantage over a company to force a sale?
(a) greenmail
(b) investment banking
(c) proxy fighting
(d) hijacking

2. What was the result of changes in the investment banking industry in the 1970s?
(a) Business concentrated in New York and Los Angeles.
(b) Firms became highly competitive and business moved around.
(c) Many new firms came into existence and were soon taken over.
(d) Regulations now made it harder to trade in junk bonds.

3. What was the goal of Nelson Peltz?
(a) to corner the Los Angeles real estate market
(b) to be a part of the Hollywood scene
(c) to get into the airline business
(d) to compete with Milken

4. What was one thing Lowell Milken did for the company?
(a) find tax shelters for them
(b) make the coffee
(c) make political contacts
(d) keep out unwanted visitors

5. Who becomes Milken's ally and public face in 1974?
(a) Cary Grant
(b) Tubby Burnham
(c) Fred Joseph
(d) Khun Loeb

Short Answer Questions

1. What was the advantage FIFI and other like funds offer?

2. When inflation raised the value of assets but not stock prices, what was the result?

3. What was Drexel's only real competition by the 1980s?

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

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

(see the answer key)

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