British government 7% perpetuities pay 7 interest each year forever. Another bond, 6.5% perpetuities, pays 6.5 a year forever. a. What is the value of 7% perpetuities if the long-term interest rate is 4.0%? (Round your answer to 2 decimal places.) Perpetuity value b. What is the value of 6.5% perpetuities? (Round your answer to 2 decimal places.) Perpetuity value