The Predators' Ball Quiz | Eight Week Quiz A

Connie Bruck
This set of Lesson Plans consists of approximately 153 pages of tests, essay questions, lessons, and other teaching materials.

The Predators' Ball Quiz | Eight Week Quiz A

Connie Bruck
This set of Lesson Plans consists of approximately 153 pages of tests, essay questions, lessons, and other teaching materials.
Buy The Predators' Ball Lesson Plans
Name: _________________________ Period: ___________________

This quiz consists of 5 multiple choice and 5 short answer questions through Part 1: Chapter 3, Transformation.

Multiple Choice Questions

1. Why did Milken take the bus from New Jersey to Wall Street?
(a) because he did not drive a car
(b) to avoid talking to Wall Street people
(c) because he could not afford the train
(d) because he liked the people on the bus

2. How did Milken break into the Las Vegas gambling business community?
(a) Milken lowered his commissions to get large casino business.
(b) Milken traveled every weekend to gamble in Las Vegas.
(c) Milken helped Steve Wynn raise the funds he needed to build in Atlantic City.
(d) Milken showed the casino owners how they could double their income.

3. Who dominated the market in junk bond funds from 1978 on?
(a) Fidelity
(b) Drexel
(c) Lehman Brothers
(d) Morgan Investments

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

5. What commission did Drexel make on these funds?
(a) three quarters of a percent
(b) five eighths of a percent
(c) one percent
(d) seven eighths of a percent

Short Answer Questions

1. When he heard on the radio about a change in options to buy stocks, what did Milken do that saved Drexel Burnham Lambert?

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

3. Why was Milken so interested in low grade bonds?

4. Why did Drexel Burnham Lambert agree to let Milken move his operation at a cost of millions of dollars?

5. Where did Milken and his wife buy a house?

(see the answer key)

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