Suppose that, holding yeld constant, investors are indflerent as to whether they hold bonds issued ty the fodoral government or bonds istued by state and local governments (that is, they consider the bonds the same with respect to dotaul risk intomation costs, and liquidity). Suppose that siate governenents have issued perpotultes (or consolos) whth Stot coupons and that the federal income tax rate is 33.62+6. The pre-tax yield on the state perpetuity will be 7 \% % (Round your responso to two docimal places) The pre-tax yold on the federal porpetuity will bo W. (Round your nesponse to two decimal places:)