Chapter 13 #11

Woodpecker, Inc., stock has an annual return mean and standard deviation of 10.0 percent and 51 percent, respectively. What is the smallest expected loss in the coming month with a probability of 5.0 percent? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round the z-score value to 3 decimal places when calculating your answer. Enter your answer as a percent rounded to 2 decimal places.)

Smallest expected loss _________%