The Current Market Price of Smith Corporation's 10 Percent, 10-Year

The current market price of Smith Corporation's 10 percent, 10-year bonds is R1,297.58.A 10 percent coupon interest rate is paid semi-annually, and the par value is equal to R1,000.What is the YTM (stated on a simple, or annual, basis) if the bonds mature 10 years from today?

A) 8%
B) 6%
C) 4%
D) 2%
E) 1%