Security price changes are random in nature. Discuss this statement and indicate what your argument means in terms of market efficiency and technical analysis. You bought 200 shares of Swiss Telecom for $50 per share on January 2, 2012, which you sold for $55 per share on January 4, 2013. The stock paid a quarterly dividend of $0.25 per share. How much did you earn on your investment? Assuming that you are subject to the U.S. tax laws, where you are in the 33% tax bracket, how much will you pay in taxes on this transaction? Write a note on the various approaches to asset allocation