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XYZ Corporation issued $500 million in debentures in 2002 at par. The debentures carry a coupon rate of 3.5% and mature on 12/26/2022. The debentures

XYZ Corporation issued $500 million in debentures in 2002 at par. The debentures carry a coupon rate of 3.5% and mature on 12/26/2022. The debentures are presently priced at 104 7/8.What is the Yield to Maturity as of todays date (assume today is 11/24/2019)?

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