This afternoon, you bought a seven-year 5.75% coupon bond that pays interest annually. You paid $900 for a $1,000 bond. If the market interest rate on this type of bond declines to 4.5% tonight, how much will you receive for your first interest payment?

A) $22.50

B) $28.75

C) $45.00

D) $57.50

E) $90.00

Please explain how to solve using financial calculator