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This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 17, The Humbling.

Multiple Choice Questions

1. What was Ichan able to do after he got a seat on the board of Tappan?
(a) He maneuvered the sale of the company to AB Electrolux.
(b) He prevented the company from being taken over.
(c) He took over running the company.
(d) He was able to raise the stock prices.

2. How did Milken break into the Las Vegas gambling business community?
(a) Milken showed the casino owners how they could double their income.
(b) Milken lowered his commissions to get large casino business.
(c) Milken helped Steve Wynn raise the funds he needed to build in Atlantic City.
(d) Milken traveled every weekend to gamble in Las Vegas.

3. Where did Milken want to move his bond operation unit in 1978?
(a) Las Cruces
(b) Las Vegas
(c) Los Alamos
(d) Los Angeles

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

5. What happened to the blue-chip investors Drexel was trying to attack?
(a) They rallied in support of Drexel.
(b) They did not stay with the firm.
(c) They kept coming for Drexel help anyway.
(d) They took a wait and see stance.

Short Answer Questions

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

2. What did Milken take personally with his clients?

3. What was the subject of debate in the mid 1980s during the M&A onslaught?

4. Who made the acquisition in the American Natural Resources (ANR) case?

5. Why was Revlon attracting raiders?

(see the answer key)

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