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Preheat oven to 350 degrees and set rack in center of oven.
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In a mixer, beat the butter and 1 cup of the sugar until smooth and fluffy.
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Beat in the egg yolks gradually and add the flour.
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Mix just until flour disappears.
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Pat the mixture into a lightly greased 9x13 pan evenly.
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Bake for about 25 minutes or until a light golden color.
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Leave oven on.
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Remove pan from oven and let sit for about 5-10 minutes.
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Spoon jam onto crust so the jam is distributed evenly over surface.
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Using a knife, spread the jam gently over the surface of crust.
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Sprinkle with 1/2 cup coconut.
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Beat the egg whites in a clean bowl with whisk attachment until soft peaks form.
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Gradually add sugar.
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Spread the meringue over the baked mixture gently.
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Bake for another 10-12 minutes or until light golden brown.
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Remove and let cool completely.
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Cut into squares.