Investments,
12th Edition

Herbert B. Mayo

Investments
ISBN-13: 9781305638419
Copyright 2017 | Published
816 pages | List Price: USD $380.95

Mayo’s INVESTMENTS: AN INTRODUCTION, 12E allows you to fully understand today’s most important investment topics from the perspective of an individual financial planner. This edition provides an inviting, comprehensive approach to investments--from the fundamentals you need for success on the CFP® exam to more advanced skills for investing today. You’ll learn the key points of making solid investment decisions as you gain an overview of today’s most pertinent investment opportunities and challenges. An ongoing Financial Advisor’s Investment Case, Internet assignments, and expanded coverage of stock valuation ratios as well as stock repurchases and dividend payments emphasize how you can apply what you’re learning to daily decisions.

Purchase Enquiry INSTRUCTOR’S eREVIEW COPY

Part I: THE INVESTMENT PROCESS AND FINANCIAL CONCEPTS.
1. An Introduction to Investments.
2. Securities Markets.
3. The Time Value of Money.
4. Financial Planning, Taxation and the Efficiency of Financial Markets.
5. Risk and Portfolio Management.
Part II: INVESTMENT COMPANIES.
6. Investment Companies: Mutual Funds.
7. Closed-End Investment Companies, Real Estate Investment Trusts (REITs), and Exchange-Traded Funds (ETFs).
Part III: INVESTING IN COMMON STOCK.
8. Stock.
9. The Valuation of Common Stock.
10. Investment Returns and Aggregate Measures of Stock Markets.
11. The Macroeconomic Environment for Investment Decisions.
12. Behavioral Finance and Technical Analysis.
Part IV: INVESTING IN FIXED-INCOME SECURITIES.
13. The Bond Market.
14. The Valuation of Fixed-Income Securities.
15. Government Securities.
16. Convertible Bonds and Convertible Preferred Stock.
Part V: DERIVATIVES.
17. An Introduction to Options.
18. Option Valuation and Strategies.
19. Commodity and Financial Futures.
Part VI: AN OVERVIEW.
20. Financial Planning and Investing in an Efficient Market Context.

  • Herbert B. Mayo

    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.

  • Based upon student feedback, the number of “Relationships” and “Fundamental Worked Problems” features in the end-of-chapter material have been expanded. The “Relationships” feature asks students to determine the relationship between two things. For example, an increase in interest rates and how it affects the price and face value of the bond.

  • The “Fundamental Worked Problems” feature provides illustrations of basic problems covered in the chapter. Students can work the problems and have immediate access to the solutions and the steps necessary to solve the problem.

  • Includes new sections on the importance of assumptions to financial analysis, a new section that differentiates “trading” from “investing”, new material on sovereign risk and expanded coverage of exchanged traded funds (ETFs).

  • The statement of cash flows has been simplified for better student understanding. The subject of IPO price volatility has been expanded and significantly updated.

  • Key points from the footnotes have been integrated into the text to avoid being skipped over.

  • Based upon student feedback, the number of “Relationships” and “Fundamental Worked Problems” features in the end-of-chapter material have been expanded. The “Relationships” feature asks students to determine the relationship between two things. For example, an increase in interest rates and how it affects the price and face value of the bond.

  • The “Fundamental Worked Problems” feature provides illustrations of basic problems covered in the chapter. Students can work the problems and have immediate access to the solutions and the steps necessary to solve the problem.

  • Includes new sections on the importance of assumptions to financial analysis, a new section that differentiates “trading” from “investing”, new material on sovereign risk and expanded coverage of exchanged traded funds (ETFs).

  • The statement of cash flows has been simplified for better student understanding. The subject of IPO price volatility has been expanded and significantly updated.

  • STUDENTS FOCUS ON THE CFP® TOPICS MOST IMPORTANT FOR TODAY’S EXAM. Widely recognized for its proven focus and clear presentation of CFP® testing topics, this edition continues to emphasize concepts students need for success when they take today’s CFP® exam.

  • FINANCIAL ADVISOR’S INVESTMENT CASE PREPARES STUDENTS FOR REAL INVESTMENT DECISIONS. Brief, engaging cases at the end of each chapter create a dynamic, continuing Financial Advisor’s Case that integrates each chapter’s materials. Students clearly see how concepts from each chapter apply to investment decisions from a financial planner’s perspective. Cases follow today’s proven format for effective learning.

  • EXPANDED COVERAGE OF STOCK VALUATION RATIOS THOROUGHLY INTRODUCES THIS KEY TOPIC. Give students a strong understanding of adjusted PEG, return on equity from price to book, and profit margin from price to sales with this edition’s complete expanded introduction to stock valuation ratios--one of today’s key investment topics.

  • THERE IS AN EMPHASIS ON THE CFP® TOPICS MOST IMPORTANT FOR TODAY’S EXAM. Widely recognized for its proven focus and clear presentation of CFP® testing topics, this edition emphasizes concepts you need for success when taking today’s CFP® exam.

  • FINANCIAL ADVISOR’S INVESTMENT CASE PREPARES YOU FOR REAL INVESTMENT DECISIONS. Brief, engaging cases at the end of each chapter create a dynamic, continuing Financial Advisor’s Case that integrates each chapter’s materials. You clearly see how concepts from each chapter apply to investment decisions from a financial planner’s perspective. Cases follow today’s proven format for effective learning.

  • EXPANDED COVERAGE OF STOCK VALUATION RATIOS THOROUGHLY INTRODUCES THIS KEY TOPIC. Gain a strong understanding of adjusted PEG, return on equity from price to book, and profit margin from price to sales with this edition’s expanded introduction to stock valuation ratios--one of today’s key investment topics.

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

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