Efficient market hypothesis $($EMH$)$ is a foundational concept int he study of financial markets and has influenced countless investing strategies and financial models. For each of the statements below, indicate if they they exhibit:

$(1)$ weak$-$form market efficiency

$(2)$ semi$-$strong form market efficiency

or $(3)$ Strong form market efficiency.

Please use the three $(1\mathrm{.}2\mathrm{.}3)$ options above to answer the following:

$\_\_\_\_\_\_\_$:A company announced a merger with another company that led to a rapid adjustment in the stock prices of the companies involved.

$\_\_\_\_\_$:Julie identified what appears to a recurring pattern in the stock prices of XYZ Corporation over the past year and decides to buy shares of the company, expected that the pattern will lead to a profitability opportunity.