There are several ways to value a company, the most famous and classical approaches of valuation are Discounted Cash Flow and EPS build-up projections. In this report more recent model is used, that was constructed by Stern Stewart consulting; which is named Economic Model or Economic Value Added model (EVA and MVA). In this research paper we have intended to a corporate valuation on FedEx Corporation. The objective is to assess the expected impact of financing decisions responding to different estimated market scenarios to see the impact on earnings and shareholder’s value. It is found that there was a significant increase in the confidence level of the shareholders and FedEX has demonstrated its value by maximizing the shareholders’ value.

   This paper presents the results of investigation into the nature of Rupee/Pakistani Rupee exchange rate variations over the period 1976:1-2008:3 undertaken in order to examine if these exchange rates were in conformity with the ‘Purchasing Power Parity Doctrine’ at all. Both the exchange rate and relative price level were found to be I(1) variables without having any cointegration between them. Thus Purchasing Power Parity Doctrine was found to be invalidated over this historical dataset. The historical dataset is found to be comprised of the subperiod 1976:1-1993:2 and sub-period 1993:3-2008:3. There exists no evidence in favour of ‘Purchasing Power Parity Doctrine’ in the sub-period 1976:1- 1993:2. However, the estimated VEC model provide the evidence in favour of ‘Purchasing Power Parity Doctrine’ in the sub-period 1993:3- 2008:3.

   A number of empirical studies have been carried out over the years to test the forward rate unbiasedness hypothesis to conclude whether the forward rate can be an unbiased predictor of the future spot rate on a number of major global currencies. Over the past several years, a lot of global investors have had interest in emerging markets like India. This has led to a greater risk of currency exposure. Under such circumstances, it is important to examine opportunities for hedging risk with forward contracts being one of them. This paper tests whether the forward rate (one month and three month forward) is an unbiased predictor of the future spot rate in both the pre- and post- global crisis era in the Indian context (USD/INR currency exposure) as it has a direct impact on the forward contracts market followed by insights about the type of economic environment in which the different parties in a forward contract benefit along with the probability of benefit to re-establish the relevance of forward markets in a different light. While testing the hypothesis on one month and three month USD/INR forward rates, we conclude that the three month forward rate is not an unbiased predictor of the future spot rate. The one month forward rate has better predictability of the future spot rate although the error term is not a white noise process. A study of the deviation of the forward rate from the future spot rate gives interesting insights about the type of economic environment in which the different parties in a forward contract benefit and with what probability.