When the interest payment dates of a bond are May 31 and November 30, and a bond issue is sold on July 1, the price of the bond will be:
A) Increased by accrued interest from July 1 to November 30.
B) Increased by accrued interest from May 31 to July 1.
C) Decreased by accrued interest from May 31 to July 1.
D) Unaffected by accrued interest.
E) Decreased by accrued interest from July 1 to November 30.
Correct Answer:
Verified
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