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Explain what is meant by the Efficient Market Hypothesis, distinguishing between the weak, strong, and semi-strong form of the EMH. If the Efficient Market Hypothesis

  1. Explain what is meant by the Efficient Market Hypothesis, distinguishing between the weak, strong, and semi-strong form of the EMH. If the Efficient Market Hypothesis is valid, what does that imply for analysts who engage in technical and/or fundamental analysis? If the EMH is true, what is the optimal strategy for an ordinary investor?

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