A bond pays coupons of size 30 every 6-months and the bond is redeemable for 1100. Furthermore, you are given the following information: The bond is purchased at P to yield and annual rate of 8% convertible semiannually. The absolute difference between the book-value (i.e. bond value) after the 15th coupon and the book-value after the 16th coupon is 1.50. Calculate P. Give your answer rounded to the nearest whole number (i.e. X).