British government 4.8% perpetuities once paid 4.8 interest each year forever. Another bond, 3.3% perpetuities, paid 3.30 a year forever. a. What was the value of 4.8% perpetuities if the long-term interest rate was 6.8% ? Note: Round your answer to 2 decimal places. b. What was the value of 3.3% perpetuities? Note: Round your answer to 2 decimal places