View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 12, Milken's Money Machine.

Multiple Choice Questions

1. What did Milken do for people who had worked with him?
(a) got rid of all of them
(b) gave them no competition contracts
(c) contributed to their children's education
(d) helped people find jobs

2. What was Milken's goal by the early 1970s?
(a) He wanted to move into high-yield bonds.
(b) He wanted low-yield bonds to be its own specialty.
(c) He wanted to have his own firm.
(d) He wanted to own Drexel Burnham.

3. How were some people able to beat Milken on deals?
(a) by hiring better salesmen
(b) by using illlegal means
(c) by attacking Milken
(d) by offering better prices

4. Why did the stripped bonds result in large tax benefits?
(a) stripping the securities left them worthless
(b) without the coupons the securities were untraceable
(c) no law covered the stripped Treasury security
(d) those sales did not have to be reported as income

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

Short Answer Questions

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

2. What was Perelman planning to do when he took over Pantry Pride in 1985?

3. What did Grant continue to predict?

4. What company was a proxy fight that Carl Ichan lost?

5. Why was Drexel Burnham's investment banking business diminished by 1975?

(see the answer key)

This section contains 318 words (approx. 2 pages at 300 words per page) View a FREE sample