16. A $500,000 268-day Treasury Bill was issued to Buyer #1 at 4.1 %. 168 days before the T-Bill reached maturity it was sold by Buyer #1 at a rate that would provide Buyer #2 with a return of 3.4% if Buyer #2 held the T-Bill to maturity. What annual simple rate did Buyer #1 actually realize over the period that Buyer #1 held the T-Bill?

A. 4.10%

B. 3.09% C. 5.19% D. 4.47% E. 6.77%