Instructions Assignment Textbook: Bekaert, G., & Hodrick, R. (2012). Internation
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Textbook: Bekaert, G., & Hodrick, R. (2012). International financial management (2nd ed.). Prentice Hall.
For your second assignment, you are to perform some preliminary investigation into the MNC(Walmart) you chose by performing a brief survey and creating a portfolio. Start with the history of the organization and provide some brief background into how the organization entered the international stage and how globalization has played a part in the organization’s growth.
When creating the portfolio, you should provide examples of the types of transactions the MNC has made within foreign exchange markets and if there are netting arrangements the organization has made. You should also investigate the purpose of the company’s actions and what this will mean for them in short-term and long-term arrangements with other corporations. For example:
Did they have to purchase stock of a company
Will they owe significant monies due to the foreign exchange deal
Will this affect their cash flow
Will the appreciation or depreciation of exchange rates affect their transaction
These are just a few questions to get your mind jogging on this topic. Based upon your readings, you should be able to come up with some questions of your own that are more specific to the company you chose, and the types of transactions they make within the forex market. This assignment is important to understanding interactions companies make within international markets and how this affects everyone, down to the end-user. For an example of this, refer to Example 2.5 in Chapter 2 of the textbook.