Question: Please show how to solve in simplest way with work, if needed excel is acceptable: A Tesla bond has a coupon rate of 6.25% ,

Please show how to solve in simplest way with work, if needed excel is acceptable:

A Tesla bond has a coupon rate of 6.25% , has 9 years until maturity, and sells at a yield-to-maturity of 9.75%. What coupon payment do bondholders receive each year? ( assume annual coupon payments) a.) $62.50 b.) $56.30 c.) $97.50 d.) $31.25

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