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 $9,719. What is Jarrod's expected annualized yield from this transaction?
A) 13.43 percent
B) 2.78 percent
C) 10.55 percent
D) 2.80 percent
E) none of these
Ans: D) 2.80 percent
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