For any distribution, the empirical rule estimates that approximately 95% of the observations will fall with two standard deviations of the mean

A newly issued T bill with a $10,000 par value sells for $9,750, and has a 90 day maturity. What is the discount?

A) 10.26 percent B) 0.26 percent C) $2,500 D) 10.00 percent E) 11.00 percent

Able purchases Blackacre from Baker using a land sales contract. Baker records the contract. Six months later, Able fails to make payments as provided in the agreement. Able abandons the property and leaves the state and Baker is unable to locate him. In order to remove the cloud on the title, Baker must:

a. execute a quitclaim deed in favor of Able. b. institute a quiet title action. c. effect a trustee sale of the property. d. none of the above.