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Assume Moore Ltd. issues a 25-year zero-coupon bond with a face value of $75 million. The bond was issued to yield 6.4% per year (which

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Assume Moore Ltd. issues a 25-year zero-coupon bond with a face value of $75 million. The bond was issued to yield 6.4% per year (which equated to the market's required rate of return on Moore's debt). a. What should the market value of the bond be at the time of issue? b. What amount will the purchaser of the bond record on its books as Investment - Bond. C. What will the value of that account (Investment - Bond) be at the end of the last day of 25th year (i.e., at maturity)? d. What best explains how that Investment - Bond account value changed over that 25-year period on the books of the investor (for simplicity sake, assume that the original purchaser of the bond held it until its maturity)

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