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This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 14, Sovereign Privileges.

Multiple Choice Questions

1. To Drexel, what did certain concessions to clients mean?
(a) more deals and more money down the road
(b) a bad reputation among other investors
(c) having clients indebted to them
(d) very little because they were so big

2. Who informed the SEC that he was attempting to gain control of Triagle Acquisition Corporation?
(a) Gerald Guterman
(b) Oscar Wyatt
(c) Nelson Peltz
(d) Mike Milken

3. How did the firm now have equity stakes in most of the companies that it financed?
(a) by using the firm's capital to finance the companies
(b) by swapping Chinese paper for stock in the companies
(c) by buying stakes in many companies instead of financing them
(d) by demanding larger stakes in the companies

4. Who was James Grant?
(a) the head of Grant Investment Bank
(b) the author of the Grant Bill in Congress
(c) the editor of Grant's Interest Rate Observer
(d) the chief of the SEC

5. What company was a proxy fight that Carl Ichan lost?
(a) Tappan
(b) the Times, Inc.
(c) AB Electrolux
(d) Hammermill

Short Answer Questions

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

2. By 1981, what was Drexel responsible for?

3. What is RICO?

4. Why did Posner back out of the National Can deal?

5. What became the name of bonds that come into being during highly leveraged takeovers?

(see the answer key)

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