Matt purchased a 30-year par value bond with semi-annual coupons at a nominal annual rate of 10% convertible semi-annually. The bond was purchased at a price of 1895.12. The bond can be called at its par value X on any coupon date starting at the end of year 25 after the coupon is paid. The price guarantees that Matt will receive a nominal annual rate of interest convertible semi-annually of at least 8%.

Calculate X.