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Consider a bond with a coupon rate of 7% and a face value of $1,000. Coupons are paid semi-annually. Suppose there are 75 days to

Consider a bond with a coupon rate of 7% and a face value of $1,000. Coupons are paid semi-annually. Suppose there are 75 days to the next coupon payment date, beyond which there are 1 years left to maturity (so that there are in total 1+1*2 number of coupon payments left). The bond is currently trading at a YTM of 3%. If you were to buy this bond today, what is the price you would have to pay?

Assume a 30/360 day-count convention. Round your answer to the nearest cent (2 decimal places).

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