Question5 "There is an intuitive notion that most individual stocks or bonds move with the aggregate market. Therefore, if the overall market rose, an individual's portfolio probably also increased in value. To supply investors with a composite report on market performance, some financial publications or investment firms have developed stock market and bond market indexes." Give an account of i. Uses of security market indexes i. Efficient capital market Assumptions of capital market. Question 6 "In general, an industry's prospects within the global business environment will determine how wel or poorly an individual firm wl fare, so industry analysis should precede company analysis. Few companies perform well in a poor industry, so even the best company in a poor industry is a bad prospect for investment." Elucidate: i. Industry analysis it The businesscycie and industry sectors