a. Briefly explain the concept of the efficient market hypothesis (EMH) and each of its three forms-weak,

Question:

a. Briefly explain the concept of the efficient market hypothesis (EMH) and each of its three forms-weak, semistrong, and strong-and briefly discuss the degree to which existing empirical evidence supports each of the three forms of the EMH.
b. Briefly discuss the implications of the efficient market hypothesis for investment policy as it applies to:
(i) Technical analysis in the form of charting,
(ii) Fundamental analysis.
c. Briefly explain two major roles or responsibilities of managers in an efficient market environment. Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...