Question: 4. Please comment whether you agree to the following statement. Explain your argument if you do not agree. (1) Proponents of the EMH typically argue

4. Please comment whether you agree to the following statement. Explain your argument if you do not agree. (1) Proponents of the EMH typically argue there exist persistent opportunities to beat the (2) The New Zealand government (FDA) just announced yesterday that the GDP growth market. (10 marks) rate in the last year is 2.5%. You observed that New Zealand stock market had an abnormal return of-1% yesterday. This suggests that the market is not efficient. (10 marks)

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