When the interest payment dates of a bond are May 1 and November 1, and a bond issue is sold on June 1, the amount of cash received by the issuer will be

Question 7Select one:

a.

decreased by accrued interest from May 1 to June 1.

b.

increased by accrued interest from June 1 to November 1.

c.

increased by accrued interest from May 1 to June 1.

d.

decreased by accrued interest from June 1 to November 1.