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A bank estimates that its profit next year is normally distributed with a mean of 0.8% of assets and the standard deviation of 2% of
A bank estimates that its profit next year is normally distributed with a mean of 0.8% of assets and the standard deviation of 2% of assets. How much equity (as a percentage of assets) does the company need to be 99% sure that it will have a positive equity at the end of the year? Select one: a. It needs equity equal to 3.85% of assets b. It needs equity equal to 2% of assets c. It needs equity equal to 5.62% of assets O d. It needs equity double the amount of its assets
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