British government 5% perpetuities pay 5 interest each year forever. Another bond, 3.5% perpetuities, pays 3.5 a year forever. a. What is the value of 5% perpetuities if the long-term interest rate is 9.5% ? (Round your answer to 2 decimal places.) b. What is the value of 3.5% perpetuities? (Round your answer to 2 decimal places.)