The British government pays 3.2% perpetual payments, £3.2 interest at the end of each year forever. Another bond pays £1.70 a year, with a maturity of 1.7%.

A.	If the long-term interest rate is 5.2%, what is the value of the 3.2% perpetuity? (Round your answer to 2 decimal places.)

lasting value

£

B.	What is the value of 1.70% continuity? (Round your answer to 2 decimal places.)

lasting value

£