Answer please the Question below, TYPED written in 100 words atleast with explanation, I NEED QUESTION 2 and 3 ONLY, Its just Question and Answer for point 2 and 3 only

11:55 Outlook :!!. 4G GD Reader View Available INVESTMENT ANALYSIS Assignment Prof. Dibooglu Instructions: i) BRIEFLY answer the following questions. Each correct answer is 6.67 points. In your TYPED Answer Sheet, do not include the questions. Include your answers only. Just to give you an idea, "briefly" means a short paragraph with 60 words or less. Note this is not a requirement. It is just some people will always ask me about what it means to be brief!!! ii) If you get a high match (more than 50%) you automatically will get ZERO. No exceptions! iii) You will see your match when you upload your assignment. If you get a high match, simply rewrite your answers and reupload. You have 3 attempts. iv) No handwritten answers as I cannot check Safe-assign for plagiarism. v) Do honest work and you will get good marks. If not I will not reward dishonest behavior! 1) Mr JM Hamdan put all his money in one stock, and the stock doubled in value in a matter of months. He did this three times in a row with three different stocks. J. M. got his picture on the front page of Khaleej Times. However, the paper never mentioned the thousands of investors who made similar bets on other stocks and lost most of their money. Explain this phenomenon and evaluate the consequences in terms the Efficient Markets Hypothesis 2) In a 1953 study of stock prices, what did Maurice Kendall find and what does it mean in terms of the EMH? Explain 3) Even if the markets are efficient, you can find a job as a professional portfolio manager. How is that possible? 4) Fama and French found that high book-to-market firms outperform low book-to-market firms even after adjusting for beta. What are the implications in terms of the EMH? 5) You believe in EMH. What is your portfolio management strategy and what does it involve? 6) a) You believe that you can earn 2% more on your portfolio if you engage in full-time stock research. However, the additional trading costs and tax liability from active management will cost you about .5%. You have an $800,000 stock portfolio. What is the most you can afford to spend on your research? b) You are an investment manager who is currently managing assets worth $6 billion. You believe that active management of your fund could generate an additional one-tenth of 1% return on the portfolio. If you want to make sure your active strategy adds value, how much can you spend on security analysis