Help with simple IF statement

Why is the formula =IF(B17>10,"B17*.5",IF(B17<=10,"5*1"))

producing "B17*.5" and not calculating what the product of cell B17 and .5 is?

I need to create a formula that says "If Cell A's number is 10 or less, Cell B is '5' and if Cell A's number is greater than 10, Cell B is half of Cell A"

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