British government 4% perpetuities pay 4 interest each year forever. Another bond, 6.5% perpetuities, pays 6.5 a year forever. a. What is the value of 4% perpetuities if the long-term interest rate is 10.0% ? (Round your answer to 2 decimal places.) b. What is the value of 6.5% perpetuities? (Round your answer to 2 decimal places.)