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11. XYZ currently has 21 long-term bond issues outstanding with various times-to-maturity and coupon rates. One of these bonds matures on Dec 1, 2031, approximately

11. XYZ currently has 21 long-term bond issues outstanding with various times-to-maturity and coupon rates. One of these bonds matures on Dec 1, 2031, approximately 15 years from today. It has a yield to maturity of 4.80%. For simplicity, assume that coupons are paid annually. The bond is currently selling for $1,105 based on a par value of $1,000. What is the coupon rate? 6.00% 5.20% 4.20% 5.80%

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