Higher Education

Basic Finance: An Introduction to Financial Institutions, Investments and Management, 10th Edition

  • Herbert B. Mayo The College of New Jersey
  • ISBN-10: 1111820635  |  ISBN-13: 9781111820633
  • 720 Pages
  • Previous Editions: 2007, 2004, 2001
  • © 2012 | Published
  • College Bookstore Wholesale Price = $187.25
  • Newer Edition Available
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About

Overview

BASIC FINANCE: AN INTRODUCTION TO FINANCIAL INSTITUTIONS, INVESTMENTS & MANAGEMENT, 10E, by Herbert B. Mayo discusses the three primary aspects of finance-financial institutions, investments, and management and examines how they are interrelated using a modular format. Each chapter offers a concise, self-contained treatment of one or two finance concepts or institutions easily covered in a single class period. BASIC FINANCE, 10E, provides a strong finance foundation that students can build on using Internet resources and sample number problems, cases, and calculator solutions that use a Microsoft® Excel® appendix. The text introduces the time value of money using three approaches to reinforce the concept--interest tables, financial calculator keystrokes, and investment analysis calculator software created specifically for the Mayo books.

Features and Benefits

  • NEW fill-in-the-blank questions in the chapter show the progression from question-working out the problem, the final answer, and any implications of the answer. This format is especially helpful for student learning outside of class and for distance learners.
  • NEW fill-in-the-blank questions in the chapter show the progression from question-working out the problem, the final answer, and any implications of the answer. This format is especially helpful for student learning outside of class and for distance learners.
  • Numerical illustrations in the margins add to the many effective learning features used to reinforce the crucial concept of the time value of money.
  • Smaller pieces (modules) help students digest financial concepts more easily and with less intimidation.
  • A Derivatives chapter adds sophistication and breadth to this entry-level text.
  • A Time Value of Money chapter uses three approaches to convey this important topic--interest tables, a financial calculator, and investment analysis calculator software.
  • The text facilitates learning through the use of learning objectives, number problems, cases, illustrations that employ financial calculators, and succinct explanations.
  • Margin Internet references and calculator solutions encourage students to use technology in solving financial problems.

Table of Contents

Preface.
Part I: FINANCIAL INSTITUTIONS.
1. An Introduction to Basic Finance.
2. The Role of Financial Markets and Financial Intermediaries.
3 .Investment Banking.
4. Securities Markets.
5. The Federal Reserve.
6. International Currency Flows.
Part II: FINANCIAL TOOLS.
7. The Time Value of Money.
8. Risk and Its Measurement.
9. Analysis of Financial Statements.
Part III: INVESTMENTS.
10. The Features of Stock.
11. Stock Valuation.
12. The Features of Long-Term Debts--Bonds.
13. Bond Pricing and Yields.
14. Preferred Stock.
15. Convertible Securities.
16. Investment Returns.
17. Investment Companies.
Part IV: CORPORATE FINANCE.
18. Forms of Business and Corporate Taxation.
19. Break-Even Analysis and the Payback Period.
20. Leverage.
21. Cost of Capital.
22. Capital Budgeting.
23. Forecasting.
24. Cash Budgeting.
25. Management of Current Assets.
26. Management of Short-Term Liabilities.
27. Intermediate-Term Debt and Leasing.
Part V: DERIVATIVES.
28. Options: Puts and Calls.
29. Futures and Swaps.
Appendix A: Interest Factors for the Future Value of One Dollar.
Appendix B: Interest Factors for the Present Value of One Dollar.
Appendix C: Interest Factors for the Future Value of an Annuity of One Dollar.
Appendix D: Interest Factors for the Present Value of an Annuity of One Dollar.
Appendix E: Using Excel to Solve Financial Problems.
Appendix F: Answers to Selected Problems.

What's New

  • Expanded coverage of the time value of money in the Excel® appendix aids understanding of this topic, one that is often difficult for students to grasp, by providing repeated exposure throughout the book.

Meet the Author

Author Bio

Herbert B. Mayo

Dr. Herbert Mayo teaches finance at The College of New Jersey and is a former Director of Accreditation. A well-respected author and experienced educator, he has written several successful books focusing on critical finance issues and today's investment opportunities. He earned his PhD from Rutgers University and his undergraduate degree from the University of North Carolina at Chapel Hill.