(i)Discuss the rationale for expecting an efficient capital market.What factors would you look for to differentiate the...
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Question:
(i)Discuss the rationale for expecting an efficient capital market.What factors would you look for to differentiate the market efficiency for two alternative stocks?
(ii)Describe how you would compute the abnormal rate of return for a stock for a period surrounding an economic event.Construct a brief example for a stock with a beta of 1.40.
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