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A liability is paid continuously in perpetuity. The annual rate of payment for the first 5 years is 10 and thereafter is 5. The effective

A liability is paid continuously in perpetuity. The annual rate of payment for the first 5 years is 10 and thereafter is 5. The effective rate of interest applying is 5%p.a. Calculate the discounted mean term and convexity of the liability payments.

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