Question: 3 a) Explain any two (2) forms of market efficiency. b) Explain any two (2) behavioral challenge of the market efficiency. c) Assuming that the

3 a) Explain any two (2) forms of market efficiency. b) Explain any two (2) behavioral challenge of the market efficiency. c) Assuming that the market is semi-strong form efficient. Suggest whether you are able to gain an abnormal profit on these following situations: i. you heard rumors about the possible merger of AirAsia Airlines and Oman Air. ii. you heard from an insider that Oceana Oil and Gas Company's exploration team has discovered a huge liquefied natural gas deposit near Kuala Terengganu off shore3 a) Explain any two (2) forms of market efficiency. b) Explain

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