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1-EFFICIENT MARKET HYPOTHESIS (EMH) (15 MARKS) a. Briefly explain the concept of the efficient market hypothesis (EMH) and each of its three forms-weak, semistrong, and

1-EFFICIENT MARKET HYPOTHESIS (EMH) (15 MARKS) a. Briefly explain the concept of the efficient market hypothesis (EMH) and each of its three forms-weak, semistrong, and strong and briefly discuss the degree to which existing empirical evidence supports each of the three forms of the EMH. (10 marks)

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