Matis corporation invest 1,500,00 South African rand as a nominal interest rate of 10 perent. At the tmime the investment is made, the spot rate of the rand is USD 0.205. If the spot rate of the rand at maturity of the investment is USD 0.203, what is the effective yield of investing in rand?

A. 11.08 percent

B. 8.92 percent

C. 10.00 percent

D. 12.50 percent

E. none of the above