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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 are two other notable takeovers done by Perelman after Revlon?
(a) NBC-TV and Hertz Rent a Car
(b) CPC International and Transworld Corporation
(c) Warner Brothers Studios and Coca Cola
(d) Hearst Corporation and Ford Motor Company

2. What was Samuel Heyman able to get from Milken?
(a) an office suite in the drexel building
(b) 100% capital from drexel
(c) an investment-grade rate when he purchased GAF
(d) names of Drexel's best investors

3. What did the 1985 President's Council of Economic Advisers report on the issue of M&A conclude?
(a) that M&A was written into the Constitution
(b) that it was too small a matter to be concerned with
(c) that more study needed to be done
(d) that they were very beneficial for the economy

4. For what did Boesky claim a $5.3 million payment was made to Drexel?
(a) a loan to Drexel
(b) consulting
(c) buying back bonds
(d) investing in Drexel

5. Why was the Revlon takeover a landmark case for Perelman and Drexel?
(a) Because of its base of female customers, Revlon was vulnerable to bad publicity.
(b) The most impassioned corporate defenders were united against Milken's onslaught.
(c) This one was almost as large as the Phillips Petroleum takeover.
(d) If Perelman won, it would set the precedent for other such takeovers.

Short Answer Questions

1. What was Drexel's only real competition by the 1980s?

2. What did Carl Ichan become known as?

3. What was Fred Joseph's strategy for hiring employees for Drexel?

4. What did Grant continue to predict?

5. How did Milken and his wife travel to Los Angeles?

(see the answer key)

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