Describe the Efficient Market Hypothesis and Its Three Forms

question 19

Essay

Describe the efficient market hypothesis and its three forms.

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Definitions:

Disability Income

Financial compensation provided to individuals who are unable to work due to a disability.

Probate

The process of "proving" the validity of a will and ensuring that the instructions in a valid will are carried out.

Will

A document directing how and to whom the maker’s property and obligations are to be transferred on his or her death.

Validity

The quality of being logically or legally sound; in legal documents, it refers to the document's enforceability and compliance with the law.