This paper presents an application of time value of money principle in the context of bond evaluation. Company that has been chosen for the analysis is Federal Express. Federal Express, commonly known as FedEx, serves the global logistics and courier industry. FedEx Corporation is the world's largest express delivery company, with 46,000 drop-off locations, more than 660 aircraft, and almost 50,000 vehicles. The unit delivers 3.3 million packages to 210 countries and territories each working day. FedEx is also a leading small package carrier ...