Question: The following statements contain several errors: According to the efficient market hypothesis, all share prices are correct at all times. This is achieved by prices

The following statements contain several errors: According to the efficient market hypothesis, all share prices are correct at all times. This is achieved by prices moving randomly when new information is publicly announced. New information from published accounts is the only determination of the random movements in share price. Fundamental and technical analysts of the stock market serve no function in making the market efficient and cannot predict future share prices. Corporate financial managers are also unable to predict future share prices.

Required:

(a) Explain and elaborate on what these errors are.(10 marks)

URGENT !!! I NEED IN HALF HOUR

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