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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.
Please perform required valuations in the template provided. What conclusions can you draw from the value range obtained? Could you suggest a change in the template to improv
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