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This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 13, The Enforcer.

Multiple Choice Questions

1. When were the tax laws changed to minimize the benefits of stripping?
(a) In 1990
(b) In 1989
(c) In 1991
(d) In 1982

2. In many ways, what became the role of Milken?
(a) the role of enquirer
(b) the role of adviser
(c) the role of enforcer
(d) the rold of peacemaker

3. What made a Wickes takeover so attractive to Sanford Sigoloff?
(a) It was losing stock value and had few debts.
(b) Wickes was his mother's maiden name.
(c) It was emerging from Chapter 11 bankruptcy with a large tax-loss carryforward
(d) It was over valued on the Wall Street Stock Exchange.

4. What did the Milken Group do in 1983?
(a) cancel the annual Preditors' Ball
(b) began making large charitable contributions
(c) moved from Century City to a building at Wilshire Boulevard and Rodeo Drive
(d) started buying up real estate in Los Angeles

5. What was the average net worth of members of Milken's core group after being with him five years?
(a) $10 million
(b) $20 million
(c) $5 million
(d) $12 million

Short Answer Questions

1. What are two other notable takeovers done by Perelman after Revlon?

2. By 1983, what was the worth of Drexel's junk bond business?

3. Why did Milken's people say they performed so well?

4. Why was Milken nervous about the large deals?

5. What became the craze on Wall Street in 1986?

(see the answer key)

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