Jason owns a bond that is redeemable 7 years from now for $3,000. He just received a coupon of $X, and each subsequent semiannual coupon will be 3% larger than the preceding coupon. At an annual effective yield of 5%, the present value of the bond immediately after the coupon payment is $7,081. Find X. (A) 312 (B) 326 (C) 340 (D) 354 (E) 368 Jason owns a bond that is redeemable 7 years from now for $3,000. He just received a coupon of $X, and each subsequent semiannual coupon will be 3% larger than the preceding coupon. At an annual effective yield of 5%, the present value of the bond immediately after the coupon payment is $7,081. Find X. (A) 312 (B) 326 (C) 340 (D) 354 (E) 368