30. Zero coupon bonds pay no interest - the only cash investors receive is the lump-sum principal payment at maturity. On January 1, 2017, The Ledge Inc. issued $450 million of zero coupon bonds at a market yield of 7%. The bonds mature in 10 years. (10 points) a) What was the issue price of these bonds on 1/1/17? In other words, how much money was raised? b) How much interest will actually be paid in 2017? c) How much interest expense will The Ledge record in 2017? d) How much interest expense will The Ledge record in 2018? vale