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b. Apricot company is a listed company in Hong Kong. You just join the company as a financial analyst. The company is granting a certain

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b. Apricot company is a listed company in Hong Kong. You just join the company as a financial analyst. The company is granting a certain amount of company shares of Apricot to Chief Executive Officer and Chief Financial Officer as an incentive in the managerial compensation. On Monday, the Chief Financial Officer of the company says Why do we need to concern about whether the market is efficient or not? Also, I know there are three forms of market efficiency. How does these forms of market efficiency affect the company and our decision making as financial manager? How would you respond to Chief Financial Officer? Illustrate your answer with example(s). (12 marks)

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