On 9th May 2017 Micro Focus, the UK technology company, announced a profit warning in its target acquisition from Hewlett Packard. The chart below shows that initially Micro Focus fell 13%, before closing down 6.1%. Micro Focus International Latest 2477.50 Change -161.50 (-6.12%) 15:59:04 - Tuesday 09, May, 2017 1 day 5 day | 1 mth | 3 mth | 6 mth | 1yr 2700.00 2650.00 2600.00 2550.00 2500.00 2450.00 2400.00 2350.00 May04 05 08 09 2016 AJ Bell Media (Prices delayed by 15 mins) http://www.telegraph.co.uk/technology/2017/05/09/micro-focus-shares-slip-reveals-hp-software-woes/ Required: a) Discuss the above chart within the framework of the different forms of the Efficient Market Hypothesis. [10 marks] [Total 25 marks]