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Question:
(a) What do you understand by market efficiency and why is it important?
(b) Explain each form of market efficiency.
(c) Give any one test of weak-form and semi-strong form of market efficiency.
(d) Assess the importance of the Efficient Market Hypothesis to a fund manager.
What is Geographical Segmentation? Geographical Segmentation: In this segmentation, the market is divided through location as like nation’s states, regions, neighbourhood
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