An Investor Buys a T-Bill with 180 Days to Maturity

An investor buys a T-bill with 180 days to maturity and $250,000 par value for $242,000. He plans to sell it after 60 days, and forecasts a selling price of $247,000 at that time. What is the annualized yield based on this expectation?

A) about 10.1 percent
B) about 12.6 percent
C) about 11.4 percent
D) about 13.5 percent
E) about 14.3 percent