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A bond with face value of $250,000 and a 5% coupon matures December 1, 2021. It was sold at a price of 99 on Monday

A bond with face value of $250,000 and a 5% coupon matures December 1, 2021. It was sold at a price of 99 on Monday October 29th, 2013. Including accrued interest, approximately how much would the buyer of the bond have to pay the seller?image text in transcribed

25. A bond with face value of $250,000 and a 5% coupon matures December 1, 2021. It was sold at a price of 99 on Monday October 29th, 2013. Including accrued interest, approximately how much would the buyer of the bond have to pay the seller? $247,750 $250,000 $252,750 $255,250

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