do a Long-term Financing Policy and Capital Structure, Risk Management
Policy, and Acquisition Analysis on WAL-MART

a.      Identify the firm?s most recent long-term financing decision
(e.g., debt, IPO, seasoned equity offering, secondary offering).
Analyze the economic, business, and competitive background in which
the financing occurred, and identify cost and risk trade-offs.

b.      Identify your firm?s book value, market value, and levered
value according to the M&M model. For a 20 percent increase in assets,
perform a quantitative analysis and recommend the optimal capital
structure mix for your company. Your analysis should include an
estimation of that company?s cost of capital, price per share, and
market value of the firm.

c.       Discuss what changes you think would occur to your finance
policy and capital structure if your firm was forced to consider
re-organization and bankruptcy strategies.

d.      Assume that your firm will be investing in the global market. 
What international investment and financing opportunities would you
consider ? and why?  Also, discuss foreign exchange risk and give an
example that analyzes how foreign exchange rates could cause a loss to
the firm.