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

A corporate bond has a coupon rate of 7.25% a yield-to-maturity of 11.75% a par value of $1,000 and a current market price of $922. Therefore, the annual coupon interest payment is _______. a.) $117.50 b.) $58.75 c.) $72.50 d.) $36.25 e.) $36.25