Name: _________________________ | Period: ___________________ |
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. Where did Milken want to move his bond operation unit in 1978?
(a) Las Vegas
(b) Los Angeles
(c) Los Alamos
(d) Las Cruces
2. When inflation raised the value of assets but not stock prices, what was the result?
(a) Junk bonds became less useful in building wealth.
(b) People began selling their stocks to start new businesses.
(c) People stopped buying stocks and company values soared.
(d) It was cheaper to buy a company than to start out from scratch.
3. What was one thing Lowell Milken did for the company?
(a) find tax shelters for them
(b) make the coffee
(c) keep out unwanted visitors
(d) make political contacts
4. What did the Revlon takeover prove?
(a) the power of Milken and junk bond financing
(b) that women will buy Revlon no matter who owns the company
(c) that Revlon stock was way overvalued
(d) that Perelman knew nothing about hostile takeovers
5. By 1981, what was Drexel responsible for?
(a) engineering most of the hostile takeovers
(b) leading the field in high interest bonds
(c) almost all of the junk bonds in the market
(d) moving Wall Street to Los Angeles
Short Answer Questions
1. Who told Perelman that Revlon was not for sale?
2. What was the estate they bought?
3. Why were Milken's imitators not as successful as he was?
4. What did Bergerac's associates tell him about Perelman?
5. Where did Milken and his wife buy a house?
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