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Jarrod King, a private investor, purchases a Treasury bill with a $10,000 par value for $9,645. One hundred days later, Jarrod sells the T-bill for

Jarrod King, a private investor, purchases a Treasury bill with a $10,000 par value for $9,645. One hundred days later, Jarrod sells the T-bill for $9,739. What is Jarrod's expected annualized yield from this transaction?

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a. 3.56 percent

b. 2.80 percent

c. 13.43 percent

d. 10.55 percent

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