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%