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The Efficient Markets Hypothesis (EMH) described by Fama (1984) is comprised of three components; weak form, semi-strong form and strong form efficiency. Describe the method

  1. The Efficient Markets Hypothesis (EMH) described by Fama (1984) is comprised of three components; weak form, semi-strong form and strong form efficiency. Describe the method used to test for semi-strong form efficiency. Use examples to support your answer.

Describe ANY one of these methods:

  • Event studies
  • Time series
  • Cross Sectional Analysis

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