Repeating points by field using ArcGIS for Desktop?

I have a point layer in ArcGIS that has a field named "Population" that stores an integer value for every point in the layer.

I want to create N points in the exact place of the feature that has N as value in the population "field". I mean, if a point has in the population field 16, I need to create 15 more points in that exact lat long (1+15 so that there are 16 in total) of that point.