a. "If markets are efficient and investors cannot obtain new information from analyzing a company's...

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a. "If markets are efficient and investors cannot obtain new information from analyzing a company's financial statements (or any other publicly available information) that suggests it is very difficult to outperform the market in a one year." Do you agree with the above statement? Briefly explain why or why not. (3 Marks) b. Can a market be (1) weak-form efficient, (2) semi-strong efficient, and (3) strong-form efficient at the same time? Briefly explain why or why not

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