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

Short Answer Questions

1. On May 12, 1986, who was charged with insider trading and agreed to cooperate with the government?

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

3. Why was the Technicolor acquisition so successful?

4. Who were some customers who received better deals from Milken?

5. What was Peer Wedvick devising?

Short Essay Questions

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

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

3. What role did LTV play in identifying a weakness in the junk market?

4. Tell something of the anticipation associated with SEC and FBI investigations into Drexel and Milken.

5. Why did Sanford Sigoloff switch from Salomon Brothers to Drexel when he was acquiring Wickes?

6. Describe the attempts to prevent Perelman's acquisition of Revlon.

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

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

9. How did Drexel achieve god-like status with investors?

10. How was Drexel involved in the Ivan Boesky charges?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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 2

Write a paper on some of the most interesting things you learned about the bond market from reading The Predators' Ball. In your paper explain whether what you learned makes you want to learn more about investing and why.

Essay Topic 3

Nelson Peltz had a strong desire to be in the Hollywood scene. Starting with him as an example, write a paper on various reasons people want to amass a fortune. Include in your paper what you would do if you suddenly became very wealthy.

(see the answer keys)

This section contains 985 words (approx. 4 pages at 300 words per page) View a FREE sample