For the Bush Corporation bonds, when are interest payments made?

The correct answer is that interest payments for the Bush Corporation bonds are made semi-annually on July 1 and January 1. Bonds typically pay interest at predetermined intervals, which can vary based on the terms outlined at issuance.

In this case, the semi-annual payment schedule reflects a common practice in the bond market, where interest is paid twice a year. This arrangement allows investors to receive a steady stream of income at regular intervals, making bonds an attractive investment for those seeking consistent cash flow.

The other options, such as yearly, quarterly, or monthly payments, do not align with the standard practices often used for corporate bonds, where semi-annual payments are the most prevalent structure. This semi-annual approach balances the issuer's obligation to pay interest with the investor's need for periodic returns, which is why it is the correct choice in this scenario.