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Basic Finance

by Herbert Mayo

  • Paperback
ISBN: 9781337691017
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  • Paperback
ISBN: 9781337691017

Publisher Description

Combing up-to-the-minute coverage with best practices from the field, BASIC FINANCE: AN INTRODUCTION TO FINANCIAL INSTITUTIONS, INVESTMENTS, AND MANAGEMENT, 12Eillustrates how all three primary aspects of finance -- investments, financial institutions, and corporate finance -- are interrelated to give you a solid foundation in the essentials of finance. Extremely reader friendly, each chapter offers a concise, self-contained treatment of specific concepts or institutions. Comprehensive coverage of time value of money uses equations, interest tables, and financial calculator keystrokes to ensure your understanding of this key topic that permeates finance. In addition, numerous hands-on problems, financial calculation illustrations, an Excel appendix, and the MindTap digital solution help you put what you learn into practice and maximize your success.

Author Biography

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

Table of Contents


  1. An Introduction to Basic Finance. Part I: FINANCIAL INSTITUTIONS.
  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 Debt -- 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. Index.

Product Details

An Introduction to Financial Institutions, Investments, and Management
Country of Publication
United States
Herbert Mayo
Cengage Learning, Inc
Illustrations, unspecified
Publication Date
Short Title
Basic Finance
College/Higher Education
MindTap Course List