Identify the major risks faced by the firm and whether it hedges its risk exposures or not.

The term paper consists of the analysis of the financial environment of a firm of your choice, including themajor financial risk exposures and the firm’s risk management programs. You need to analyze the firm’sfinancial performance and determine the risk exposure, how and whether the firm’s stock price will be affectedand how effective this risk management program is. Write the paper in groups of up to three students. The papermust be in quantitative analysis and must be concrete and persuasive.
The company selected is ENBRIDGE. please see detailed instructions, textbook and Annual report of the company attached.
PLEASE FORCUS ON THE FOLLOWING QUESTIONS:
10) Estimate the firm’s value by using the Beta theory in Chapter 12 and 13. Compare the firm’s stockmarket value to the intrinsic value you calculated and explain the difference in values.
11) Identify the major risks faced by the firm and whether it hedges its risk exposures or not. This informationis typically reported in the firm’s annual report or the statements filed with the regulatory body in the firm’shome country.