View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Part 1: Chapter 5, The Cloister at Wilshire and Rodeo.

Multiple Choice Questions

1. What was HITS?
(a) Hard Investment Trade Secrets
(b) High Interest Tax Service
(c) a government investigation agency
(d) a high yield mutual fund that Drexel formed

2. What became the name of bonds that come into being during highly leveraged takeovers?
(a) Chinese paper
(b) Hot paper
(c) Paper trails
(d) Tickertape

3. By 1981, what was Drexel responsible for?
(a) leading the field in high interest bonds
(b) moving Wall Street to Los Angeles
(c) engineering most of the hostile takeovers
(d) almost all of the junk bonds in the market

4. What was Milken's goal by the early 1970s?
(a) He wanted low-yield bonds to be its own specialty.
(b) He wanted to move into high-yield bonds.
(c) He wanted to have his own firm.
(d) He wanted to own Drexel Burnham.

5. What influenced Milken to become interested in low grade bond portfolios?
(a) the Morgan report on bond yields
(b) the Hickman study, an analysis of bond yields
(c) an unexpected profit from his own low grade bonds
(d) a course he took at Wharton

Short Answer Questions

1. What was the advantage FIFI and other like funds offer?

2. What was one thing Lowell Milken did for the company?

3. What was the purpose of Fred Joseph's meeting at the Barbizon Plaza in New York?

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

5. Where did Milken want to move his bond operation unit in 1978?

(see the answer key)

This section contains 320 words (approx. 2 pages at 300 words per page) View a FREE sample