An investor, purchases a six-month (182-day) T-bill with a $10,000 par value for $9,700. If the Treasury bill is held to maturity, the annualized yield is ____ percent.

a.	6.02
b.	1.54
c.	1.50
d.	6.20
e.	none of the above

If someone could give me the answer as well as the written out solution it would be much appreciated. thanks!