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10. Ant Company predicts that its next year's profit will be distributed normally according to the mean of 1.1% of assets and the standard deviation

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10. Ant Company predicts that its next year's profit will be distributed normally according to the mean of 1.1% of assets and the standard deviation of 3% of assets. How much equity (as a percentage of assets) does the company need to be (a) 99% sure that it will have a positive equity at the end of the year, and (b) 99.9% sure that it will have positive equity at the end of the year? Ignore taxes. (8') z Iz 2.3 2.9 1.02 1.03 .04 0.9898 0.9901 0.9904 0.9922 0.9925 0.9927 1.06 .07 OB 0.9985 0.9985 0.9986 0.9989 0.9989 0.9990 3.0 2.4 Two probability tables from the standard normal distribution Z

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