Question: A $ 1 3 , 0 8 8 par value bond whose coupon rate is 4 . 8 % is purchased. If the investment represents

A $13,088 par value bond whose coupon rate is 4.8% is purchased. If the investment represents a current yield of 3.9%, compute the bond's market price at the time of the purchase.
Round your answer to the nearest dollar.

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