Question: INSTRUCTION: Answer ALL questions. QUESTION 1 (a) What do you understand about efficient market hypothesis (EMH)? According to EMH, how news affect stock prices? (4

INSTRUCTION: Answer ALL questions. QUESTION 1 (a) What do you understand about efficient market hypothesis (EMH)? According to EMH, how news affect stock prices? (4 marks) (b) AEON retail (Malaysia) offered rental waiver to qualified tenants throughout the partial lockdown or Movement Control Order (MCO) period. The offer is given to non- essential businesses that are unable to operate during this period. Therefore, the investors expect AEON will lose $1.00 a share this year. The company has just announced that it registered a negative profit of $0.50 per share this year, the largest loss in the history of the company. Briefly discuss what does the EMH say will happen to the price of the stock when the $0.50 loss is announced
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