An investor buys a T-bill with 180 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?

Chooseme --

Of course the par value is unimportant to the investor, as he is
buying it for $242K and making $5,000 or 2.07% in 60 days.  Based on a
365-day year, his annualized return is 365/60 * 2.07% = 12.57%

Best regards,

Omnivorous-GA