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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 the largest bankruptcy in 1986?
(a) Revlon
(b) LTV Corporation
(c) Metromedia
(d) TWA

2. How much money and how fast did Drexel raise for the Phillips Petroleum proxy fight?
(a) a half billion in three days
(b) $1.5 billion in forty-eight hours
(c) $10 million in a week
(d) 2 billion in one month

3. What happened to the plan for moving to the Seven World Trade Center?
(a) It was held up by the FBI.
(b) It was abandoned.
(c) It went ahead.
(d) It decreased the number of floors.

4. Who made the acquisition in the American Natural Resources (ANR) case?
(a) J. P. Morgan and Chase Manhattan
(b) Fred Joseph and Drexel
(c) Ted Turner and TNT
(d) Oscar Wyatt and Coastal Corporation

5. What was Drexel's legal position a year after Boesky Day?
(a) Drexel was bankrupt and could not afford lawyers.
(b) Drexel was indicted exactly one year later.
(c) Drexel was charged under the mobster association act.
(d) Nothing had come out of the grand jury yet.

Short Answer Questions

1. By 1986, who was the largest stockholder in Drexel Burnham Lambert?

2. What was a major factor in the failure of Beverly Hills Savings?

3. What was one of the most important factors in the leveraged buyout deals?

4. What are REITs?

5. For whose benefit were most of the investment partnerships?

(see the answer key)

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