PLEASE ANSWER ALL QUESTIONS FOR THUMBS UP

a) A rational investor believes the market is semi-strong for efficient. What type of information will not be incorporated into market prices? What type of investing is this investor most likely to choose: technical trading (active investing); fundamental analysis (active investing) or passive investing?

b) According to technical analysts, how long would it take for a shift in market fundamentals to be reflected in stock prices?

c) An investor has her money segregated into checking, savings, and investments. The allocation among the categories is subjective, yet the investor spends freely from the checking account and not the others. What is the name of this behavior and explain how it affects investor rationality?