Please show all equations and work as needed.

1. In an efficient market, A. security prices react quickly to new information. B. security prices are seldom far above or below their justified levels. C. security analysis will not enable investors to realize superior returns consistently. D. one cannot make money. E. security prices react quickly to new information, security prices are seldom far above or below their ustified levels, and security analysis will not enable investors to realize superior returns consistently. 2. If you believe in the information, including information that is available only to insiders. form of the EMH, you believe that stock prices reflect all available A. semistrong B. strong C. weak D. All of the options are correct. E. None of the options are correct