A credit default swap requires a semiannual payment at the rate of 48.1 basis points per year. The principal is $12.7 million and the credit default swap is settled in cash. A default occurs after three years and three months, and the calculation agent estimates that the price of the cheapest deliverable bond is 30% of its face value shortly after the default. Calculate the total amount paid by the protection buyer given the information provided above? a $ 41496 b. $ 248976 c. $ 269724 d. None of the other answers provided is correct