3. Let X1,..., Xn be a random sample from the distribution with pdf
(b) (10 points) Find the limiting distribution of as n→∞ by the Delta method, where Tis the method of moment estimator of θ.
(2) (1.5 point) The payoff to equity investors, on liquidation, can therefore be written as: Payof
where, V = Value of the firm
D = Facc Value of the outstanding debt and other external
Please draw a figure of the payoff to equity investors (Y-axis) and the firr value (X-axis).