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QUESTION 5 a) What style of management would be appropriate in an inefficient market? How can fund managers justify the fees that they charge in
QUESTION 5 a) What style of management would be appropriate in an inefficient market? How can fund managers justify the fees that they charge in each case? (10 marks) b) It is argued that test of the Efficient Market Hypothesis (EMH) is really a test of a "joint hypothesis". Discuss. (10 marks) (Total 20 marks)
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