Question 1 1.1 Describe the three forms of the efficient-market hypothesis {EMH}. and discuss the implications of EMH to security returns and trading strategies. (20%) 1.2 Critically discuss in words the overall implications to EMH from the findings of Hung and Banerjee {HB 2014, EH 2013 and BH 2011}. Your discussions should draw evidence and arguments from each of the above three BH papers. {30%)