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A liability consists of two cash outflows: $ 1 0 0 0 in one year and $ 2 0 0 0 in three years. Determine

A liability consists of two cash outflows: $1000 in one year and $2000
in three years. Determine the ratio of the Macaulay convexity to the
modified convexity of this liability at an annual effective interest rate
of 5%.

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