Bill Yates, a Private Investor, Purchases a Six-Month (182-Day) T-Bill

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

A) 6.02
B) 1.54
C) 1.50
D) 6.20
E) none of the above