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1. Market efficiency (5 marks) a. Identify and describe the three forms of market efficiency. Do not use more than five sentences for each form

1. Market efficiency (5 marks)

a. Identify and describe the three forms of market efficiency. Do not use more than five sentences for each form of market efficiency. Make sure your descriptions discuss information dispersion and identification of mispriced securities. (4 marks)

b. Based on your knowledge and understanding of the three forms of market efficiency, which form do you think most appropriately describes the Toronto Stock Exchange? Explain your answer.

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