View a FREE sample

This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. When did the trading of Milken, Icahn, Posner and Boyd Jeffries, as well as others come under investigation?

2. What was Samuel Heyman able to get from Milken?

3. Why was Revlon attracting raiders?

4. What indicated the level of fear at Drexel during the investigations?

5. What did the 1985 President's Council of Economic Advisers report on the issue of M&A conclude?

Short Essay Questions

1. Describe Milken's goals for the Asian markets.

2. Why did Milken play the role of enforcer?

3. How did Milken disagree with the idea that liquidity was scarce?

4. What were some of the detractors of LTOs saying about the practice in the 1980s?

5. How did Peer Wedvick satisfy his need for an institution with a high investment-grade rating?

6. What was Ronald Perelman's purpose for acquiring Pantry Pride?

7. What was James Grant's position on where things would eventually lead in the credit cycle?

8. Before Revlon, what had been Perelman's biggest success?

9. What were some of Perelman's activities after acquiring Revlon?

10. How was fear affecting Drexel during the investigations?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Do some research and write a paper on Michael Milken's philanthropic work since his release from prison. Express if you think he shows a more human side to his personality now.

Essay Topic 2

Write an essay on the value of competition. Using the meteoric rise of Drexel in the junk bond business, note how the competition attempted to imitate its success. In your paper, discuss how competition leads to greater achievements and better products.

Essay Topic 3

Write an essay about how it is possible for one to achieve dreams by hard work and study. Use Michael Milken as an example of coming up from not being able to get a job with a major Wall Street investment firm to having his picture on the cover of financial magazines. Do not include his downfall as that is the subject for another essay.

(see the answer keys)

This section contains 984 words (approx. 4 pages at 300 words per page) View a FREE sample