Question 1 [10 marks] Analyse the following statement and explain whether they are true or false. Give reasons for your judgement. a. If stock prices follow a random walk, then capital markets are similar as a casino. b. A good part of a companys future prospects is predictable. Given this fact, stock prices may still possibly follow a random walk. c. If markets are efficient, you might as well select your portfolio by throwing darts at the stock listings in The Wall Street Journal. (No more than 70 words for each question)