Forward Price of Fixed-Rate Bond

XYZ Corporation has issued a fixed-rate bond with a coupon payment of 5% paid annually. The bond has a face value of $1,000 and matures in 5 years. Currently, the market interest rate for bonds of similar risk and maturity is 4%. You are considering entering into a forward contract to buy this bond in 1 year for a price that reflects the current bond pricing dynamics.

Given the current market interest rate, what should be the fair forward price to enter into this forward contract in 1 year?