Question: 1 a. (10) Clearly and completely explain what we mean when we say that the market is efficient in the weak version. ***Make sure to
1 a. (10) Clearly and completely explain what we mean when we say that the market is efficient in the weak version. ***Make sure to clearly explain what the relevant set of information is. As part of your explanation, make sure to explain two important conditions that prevail in an efficient market generally (hint: one condition relates to prices, the stock price =..., the other condition relates to returns) b. (2) If the market is weak-form efficient, will using technical analysis allow you to consistently outperform the market and earn positive abnormal returns? Answer simply "yes" or "no
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