Excey Corp. has 7 percent coupon bonds making annual payments with a YTM of 6.2 percent. The current yield on these bonds is 6.55 percent. How many years do these bonds have left until they mature? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

12.64 years

Explanation:

Coupon rate is 7%

Current yield is 6.55%

Then the current price = 7 / 0.0655 = $106.87 per $100 par value.

Now calculating the no of years these bonds have left until they mature:

106.87 = 7*PVIFA(6.2%,n) + $100*PVIF(6.2%,n)

N = 12.64 years

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.