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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 did Milken and Joseph devise to keep business flowing during the recession?
(a) ways of trading abroad
(b) different kinds of instruments
(c) better communications with clients
(d) finance services for the largest clients

2. What became the name of bonds that come into being during highly leveraged takeovers?
(a) Paper trails
(b) Tickertape
(c) Hot paper
(d) Chinese paper

3. Who dominated the market in junk bond funds from 1978 on?
(a) Morgan Investments
(b) Drexel
(c) Fidelity
(d) Lehman Brothers

4. Who did Joseph hire with a three-year contract calling for $3 million per year plus extras?
(a) Antonio Gebauer
(b) Robert Salsbury
(c) Martin Siegel
(d) Dennis Levine

5. What did the Revlon takeover prove?
(a) the power of Milken and junk bond financing
(b) that Perelman knew nothing about hostile takeovers
(c) that women will buy Revlon no matter who owns the company
(d) that Revlon stock was way overvalued

Short Answer Questions

1. Why did Atlantic Capital have to stop selling Wedvick's contracts?

2. Who told Perelman that Revlon was not for sale?

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

4. Eventually, what did First Federal and Columbia Savings become?

5. What kind of business did Milken's Belvedere Securities do?

(see the answer key)

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