What is the efficient market hypothesis

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Question a) Define non-diversifiable risk. Explain why, in theory, non-diversifiable risk is considered the only relevant risk for determination of an investor's required return on a risky asset? marks) b) What is the efficient market hypothesis? Discuss the three forms of the efficient market hypothesis. marks) c) Briefly describe the following types of mergers: i) horizontal, ii) vertical, iii) congeneric and iv) conglomerate.

Reference no: EM133715987

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