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?