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# Xyz currently has 21 long term bond issues outstanding work various times to maturity and coupon rates . One of these bonds matures on the Dec 1 2031...

Xyz currently has 21 long term bond issues outstanding work various times to maturity and coupon rates . One of these bonds matures on the Dec 1 2031 approx 15 years from today . It has a yield to maturity of 4.8% . For simplicity assume that coupons are paid annually. The bond is currently selling for $1105 Based on face (par ) value of $1000 . What is the coupon rate ?