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a) Based on the Efficient Markets Hypothesis (EMH), describe an information set? Distinguish the information sets used in the different levels of the EMH. (6

a) Based on the Efficient Markets Hypothesis (EMH), describe an information set? Distinguish the information sets used in the different levels of the EMH. (6 marks)

b) A firm is considering the straightline depreciation method and the diminishing value depreciation method for its new project. Which is preferable for tax purposes, and why? (6 marks)

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