In February 2015 Treasury 4 3/8s of 2040 offered a semiannually compounded yield to maturity of 2. Recognizing that coupons are paid semiannually,...

In February 2015 Treasury 4 3/8s of 2040 offered a semiannually compounded yield to maturity of 2.88%. Recognizing that coupons are paid semiannually, calculate the bond's price. Assume face value is $1,000. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Bond price? ________