True, False, or Uncertain? Explain your reasoning$\mathrm{.}1.$ If markets are not semistrong$-$form efficient, it implies that marketscannot be weak$-$form efficient, either$\mathrm{.}2.$ The Efficient Market Hypothesis always implies the Random Walk Hy$-$pothesis$\mathrm{.}3.$ Suppose you find an investment strategy based on publicly availableinformation that produces positive average returns over time, even afteryou adjust for market risk. This would indicate that the market isinefficient $($in the semistrong form$)$