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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. Who was James Grant?
(a) the author of the Grant Bill in Congress
(b) the editor of Grant's Interest Rate Observer
(c) the head of Grant Investment Bank
(d) the chief of the SEC

2. Why did Milken take the bus from New Jersey to Wall Street?
(a) because he liked the people on the bus
(b) because he could not afford the train
(c) to avoid talking to Wall Street people
(d) because he did not drive a car

3. How did Perelman acquire Technicolor?
(a) buying on credit
(b) selling junk bonds
(c) paying full price
(d) directing a hostile takeover

4. What was Drexel's only real competition by the 1980s?
(a) Barnes and Noble
(b) Merrill Lynch
(c) Morgan Stanley
(d) Lehman Brothers

5. What was the purpose of Fred Joseph's meeting at the Barbizon Plaza in New York?
(a) pirating talent from some of the biggest firms on Wall Street
(b) gathering inside information to take back to Los Angeles
(c) to undermine Milken and take over control of the Department
(d) consideration of all ideas, even the far-out and the flamboyant, instead of the conservative

Short Answer Questions

1. How did the firm now have equity stakes in most of the companies that it financed?

2. What government regulation made it easier for multiple mergers in the 1980s?

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

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

5. Where did Grant point out most of the junk bonds were held?

(see the answer key)

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