An article in the Mast News paper states a certain publically listed drug company has received approval from the ZMRA to market a new medication for people with heart disease. You believe you shouldcall your broker and invest in the stock of this companyimmediately because it will undoubtedly increase in value. Required

I. Given what you know about efficient markets, what advice do you expect to receive from your broker? (10 Marks)

II. Briefly discuss the procedure of listing and buying shares on the Lusaka securities exchange. (10Marks) Total Marks (20 Marks)