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Question 1 There are several celebrated investors and stock pickers frequently mentioned in the financial press who have recorded huge returns on their investments

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Question 1 There are several celebrated investors and stock pickers frequently mentioned in the financial press who have recorded huge returns on their investments over the past two decades. Is the success of these particular investors an invalidation of the "Efficient Market Hypothesis"? Discuss. 20 marks Question 2 The dividend debate is inconclusive and still on-going in the corporate world. In your view, briefly discuss some real world factors that may support the payment of high and low dividends. 20 marks

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