You own a bond redeemable for $400 in 8 years. You just have received a coupon of amount c and each subsequent semi-annual coupon will be 4% larger than the preceding coupon. The book value of this bond immediately after you received the collapon is $808.11 using an annual effective yield of 5%. What is the coupon c? 28.31 29.54 31.00 32.28 33.62