a$)$ Market efficacy refers to the degree to which stock prices reflect information. Discuss three basic forms of market efficiency hypothesis b$)$ Discuss the main reasons for the rapid growth of informal institutions in Kenyac$)$ A company sells $120$ days commercial paper with par value of shs$.100$ but at shs$.97$ compute the effective yield on the paper. Rates of interest vary for individuals. Enterprises, places and times. Briefly examine any five causes responsible for these diversiti