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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 had been Perelman's greatest acquisition before Revlon?
(a) Todd-a-o
(b) Cinemascope
(c) NBC
(d) Technicolor

2. What was it about Milken that impressed his clients?
(a) his connections with politicians and movie stars
(b) his knowledge and memory for details about every bond there was.
(c) his inside information about the junk bond companies
(d) his willingness to bargain when he sold them junk bonds

3. What did the Milken Group do in 1983?
(a) started buying up real estate in Los Angeles
(b) began making large charitable contributions
(c) moved from Century City to a building at Wilshire Boulevard and Rodeo Drive
(d) cancel the annual Preditors' Ball

4. What was HITS?
(a) a high yield mutual fund that Drexel formed
(b) a government investigation agency
(c) High Interest Tax Service
(d) Hard Investment Trade Secrets

5. Why was Milken so interested in low grade bonds?
(a) they were the only ones he really understood
(b) he liked to gamble big time
(c) that was all he could afford
(d) equity offerings were not an option for the Drexel Burnham market

Short Answer Questions

1. To find more ways for their clients to make money, to what did Milken and Joseph turn their attention?

2. For whom did Milken do trading?

3. Who becomes Milken's ally and public face in 1974?

4. What was a major factor in the failure of Beverly Hills Savings?

5. What is sometimes the result of an LBO?

(see the answer key)

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