QUESTION 5 a. In October 2020, Robin Wigglesworth and Naomi Rovnick wrote an article, entitled "Covid condemns value investing to worst run in two centuries" published on the Financial Times. In that article, they wrote"... value stocks have performed dismally since the 2008-09 financial crisis and this year the drought has worsened dramatically, making the degree of underperformance relative to racier growth stocks even more extreme than at the peak of the dotcom bubble." This article seems to be pessimistic about the performance of strategies investing in value stocks. Even famous investment companies following value investing strategy such as Berkshire Hathaway underperform in 2020. Required Answer these questions below. You need to explain your answer carefully. You should provide logical arguments and examples to support your points of view. i) Why have growth stocks outperformed value stocks since 2008-2009? [10 marks) ii) Do you think value investing will still be useful and eventually regain its popularity? [10 marks] b. Capital Asset Pricing Model (CAPM) is popular among practitioners and is taught widely at universities. Required Discuss why or why not the CAPM is a reasonable asset pricing model for practitioners to apply in the real world? You need to explain your answer carefully. You should provide logical arguments and examples to support your points of view. [20 marks]