Question: A $ 1 5 , 0 7 4 par value whose coupon rate is 4 . 7 % is purchased. If the investment represents a

A $15,074 par value whose coupon rate is 4.7% is purchased. If the investment represents a current yield of 6.2%, compute the bond's market price at the time of the purchase.
Round your answer to the nearest dollar.

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