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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. Who paid $2-billion for the Metromedia television stations and their assets?
(a) Rupert Murdock
(b) Time-Warner
(c) Bill Gates
(d) Ted Turner
2. What was the largest bankruptcy in 1986?
(a) Metromedia
(b) LTV Corporation
(c) Revlon
(d) TWA
3. In what was Atlantic Capital involved?
(a) unmonitored investments
(b) forging bond documents
(c) ponzi schemes
(d) selling bond coupons
4. What was Peer Wedvick devising?
(a) a scheme to sell contracts involving housing funds
(b) flipping houses and commercial buildings
(c) money laundering
(d) buying commercial paper
5. Who told Perelman that Revlon was not for sale?
(a) Michael Milken
(b) Michael Bergerac
(c) Carl Icahn
(d) Tubby Burnham
Short Answer Questions
1. How did Milken's unit function within the larger firm?
2. Where did Grant point out most of the junk bonds were held?
3. Who were the people Milken was happy to help in the business?
4. What often benefited Drexel in dealing with its clients?
5. What indicated the level of fear at Drexel during the investigations?
Short Essay Questions
1. How did Milken disagree with the idea that liquidity was scarce?
2. What role did LTV play in identifying a weakness in the junk market?
3. What evolved after many customers first dealt with Milken?
4. How was Drexel involved in the Ivan Boesky charges?
5. How did Milken's power in the industry benefit Drexel?
6. How did Peer Wedvick satisfy his need for an institution with a high investment-grade rating?
7. How was favoritism shown at Drexel?
8. What was James Grant's position on where things would eventually lead in the credit cycle?
9. Describe the attempts to prevent Perelman's acquisition of Revlon.
10. Why did Sanford Sigoloff switch from Salomon Brothers to Drexel when he was acquiring Wickes?
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This section contains 854 words (approx. 3 pages at 300 words per page) |
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