Describe the three forms of the efficient-market hypothesis


Question 1. Describe the three forms of the efficient-market hypothesis {EMH}, and discuss the implications of EMH to security returns and trading strategies.

Question 2. Critically discuss in words the overall implications to EMH from the findings of Hung and Banerjee {HB 2014, EH 2013 and BH 2011}. Your discussions should draw evidence and arguments from each of the above three BH papers.

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Finance Basics: Describe the three forms of the efficient-market hypothesis
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