Problem $14-6$

Suppose that you earn a simple, annualized return of $6\mathrm{.}33$ percent on a four$-$month $$10,000$ T$-$bill selling for $$9,720.$

Par Value $$10,000$

Price $$9,720$

Number of days to maturity $120$

What will be the annual compound return?

The annual compound return will be

$\%.$ Round your answer to the nearest two decimal places.