Problem $13-7$ Value$-$at$-$Risk $($VaR$)$ Statistic $($LO$4,$ CFA$6)$

DW Co$.$ stock has an annual return mean and standard deviation of $10$ percent and $33$ percent, respectively. What is the smallest

expected loss in the coming year with a probability of $2\mathrm{.}5$ 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.$)$