Problem $5-25$ Perpetuities $($LO$3)$

British government $4\mathrm{.}3\%$ perpetuities once paid $4\mathrm{.}3$ interest each year forever. Another bond, $2\mathrm{.}8\%$ perpetuities, paid

$2\mathrm{.}80$ a year forever.

a$.$ What was the value of $4\mathrm{.}3\%$ perpetuities if the long$-$term interest rate was $6\mathrm{.}3\%?$

Note: Round your answer to $2$ decimal places.

Perpetuity value

b$.$ What was the value of $2\mathrm{.}8\%$ perpetuities?

Note: Round your answer to $2$ decimal places.

Perpetuity value