Essay Problem: EMH
The efficient market hypothesis (EMH) is a hypothesis that states that share prices reflect all information and consistent alpha generation is impossible. Write a 4 pages assay on whether you believe that EMH holds and investors benefit from investing in a low-cost, passive portfolio or, on the other hand, you believe that EMH does not hold and it is possible to beat the market since stocks can deviate from their fair market values. Use the essay to explain by presenting evidence that support your believe.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.