Forward Pricing of Fixed Income Derivative

ABC Inc. is considering entering into a forward contract to buy a government bond with a face value of $1,000, set to mature in two years. The current yield on similar bonds is 5%, and the bond’s annual coupon payment is $50. The risk-free rate is 3%. To calculate the forward price of the bond, ABC Inc. must consider both the present value of future cash flows and the cost of carry associated with holding the bond until the delivery date.

What is the forward price of the bond that ABC Inc. should expect at the time of the contract's initiation?