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John purchases a 10-year bond with semi-annual coupons that is redeemable at 900. The bond is purchased at 1000 to yield 8% convertible semi-annually. The

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John purchases a 10-year bond with semi-annual coupons that is redeemable at 900. The bond is purchased at 1000 to yield 8% convertible semi-annually. The first coupon payment is X, and each subsequent coupon payment is 5 greater than the preceding coupon payment. Determine X

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