Question: Define and discuss the weak form EMH Describe the two sets
Define and discuss the weak-form EMH. Describe the two sets of tests used to examine the weak-form EMH.
Answer to relevant QuestionsDefine and discuss the semistrong-form EMH. Describe the two sets of tests used to examine the semistrong-form EMH.For many of the EMH tests, it is really a test of a "joint hypothesis." Discuss what is meant by this concept. What are the joint hypotheses being tested?What does the EMH imply for fundamental analysis? Discuss specifically what it does not imply.Compute the abnormal rates of return for the following stocks during period t (ignore differential systematic risk):Rit = return for stock i during period tRmt = return for the aggregate market during periodtAssume you want to run a computer program to derive the efficient frontier for your feasible set of stocks. What information must you input to the program?
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