A bond issued June 1 . 2013 . by a calendar-year company pays interest on April 1 and October 1 . A bond is a financial security issued by a corporation in return for cash borrowed from investors. Bonds typically pay interest twice per year. The investor makes the investment on the date the bond is issued. Interest expense for 2013 is recognized on these bonds by the issuer for a period of
a. Seven months.
b. Six months.
c. Four months.
d. Three months.
A
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