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1.Describe what is meant by the semi-strong form of market efficiency. If a market is semi-strong form efficient will technical analysis, fundamental analysis or inside

1.Describe what is meant by the semi-strong form of market efficiency. If a market is semi-strong form efficient will technical analysis, fundamental analysis or inside information yield a trader abnormal profits.

2.In relation to asset pricing,

(a) What is the Security Market Line (SML)?

(b) Sketch a diagram of the Security Market Line labeling all axes.

(c) What is the key assumption underpinning the CAPM relating to the pricing of systematic and non-systematic risk.

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