Ashes Divide Corporation has bonds on the market with 20 years to maturity, a YTM of 10.0 percent, and a current price of $1,236.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round your intermediate calculations.)

A) 25.56%

B) 10.32%

C) 12.76%

D) 12.86%

E) 20.67%