Forward Pricing of Fixed Income Forwards

ABC Corp. is evaluating their fixed income strategy and is considering entering into a forward contract to buy a bond with a face value of $1,000, maturing in 5 years. The current yield on similar bonds is 4%, and the forward price can be calculated using the formula for forward pricing of fixed income instruments. Assume that the bonds do not pay any coupons and that the risk-free rate is 3%.

Which of the following is the correct forward price for this bond?