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Readthe article "The efficient market hypothesis and its critics" by Burton Malkiel (2003). Answerthefollowingquestions: 1.
Readthe article "The efficient market hypothesis and its critics" by Burton Malkiel (2003).
Answerthefollowingquestions:
1. Whatismeantbyanefficientsecuritymarket?Therearevariousviewsthatareputforwardin
thepaperwhichpointtoacommonideaofmarketefficiency.Elaborateontheseviews.
2. Explainhowistheefficientmarkethypothesisassociatedwiththeideaofa"randomwalk".
3. Identifyanddiscussthepatternsofpossiblepredictabilityimpliedbystudiesofthebehaviorof
paststockprices.
4. Whataresomeofthevaluationparameters(bothcrosssectionalandtimeseries)whichexplain
thepredictablepatternsofstockreturns?
5. Explainthearguments(withsupportingexamples)putforwardbyopponentswhoviewefficient
marketsasanuntenablehypothesis.
Thank you.
