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

**Herbert B. Mayo****ISBN-10:**1111820635**ISBN-13:**9781111820633- 720 Pages | Paperback
- Previous Editions: 2007, 2004, 2001
- COPYRIGHT: 2012 Published

**Herbert B. Mayo****ISBN-10:**1111820635**ISBN-13:**9781111820633- 720 Pages | Paperback
- Previous Editions: 2007, 2004, 2001
- COPYRIGHT: 2012 Published

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.

- 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.

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.

- 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.