Time value. Ant lowa state savings bond can be corverted lo $250 at maturity 6 yoars from purchase. If the state bonds are to be competfive with U.S. savings bandb, which pay 5% annual interest (compounded annualy), at what price must the state sel its bonds? Assume no cash payments on savings bonds prior to redempton. Ignore taxes The stale must sell its bonds for ! (Round to the nearest cent)