Question
A bank estimates that its profit next year is normally distributed with a mean of 0.9% of assets and the standard deviation of 3% of
A bank estimates that its profit next year is normally distributed with a mean of 0.9% of assets and the standard deviation of 3% of assets. How much equity (as a percentage of assets) does the company need to be 99.9% sure that it will have a positive equity at the end of the year.
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Stylianos Perrakis, Peter
8th Canadian Edition
007133887X, 978-0071338875
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