Question Two a) Explain in detail the Efficient Market Hypothesis Theory 4 marks b) A company offer annual payments of K100 at the end of each year for the next three years. i. What is the present value of this annuity discounted at 10%. 2 marks ii. Suppose the payments were made at the beginning of each period instead of at the end? What is the present value of this annuity then? 2 marks c) What are financial intermediaries and what economic function do they perform? 6 marks