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A bond with a par value of 1000 and 6% semiannual coupons is redeemable for 1100. You are given: The bond is purchased at P

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A bond with a par value of 1000 and 6% semiannual coupons is redeemable for 1100. You are given: The bond is purchased at P to yield 8% convertible semiannually. The absolute value of the amount of "principal adjustment" in the 16th coupon period of the amortization schedule is 5. Calculate P. Round your answer to the nearest whole number

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