Problem $13-8$ Value$-$at$-$Risk $($VaR$)$ Statistic $($LO$4,$ CFA$6)$

Woodpecker, Inc., stock has an annual return mean and standard deviation of $10\mathrm{.}2$ percent and $52$ percent, respectively. What is the

smallest expected loss in the coming month with a probability of $16\mathrm{.}0$ 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.$)$