1) Please explain market efficiency theory?
2) What is strong-form efficiency? Which stock exchange would be an example for this type of market efficiency?
3) What is semistrong-form efficiency? Which stock exchange would be an example for this type of market efficiency?
4) What is weak-form efficiency? Which stock exchange would be an example for this type of market efficiency?
5) How would we test for market efficiency? Please provide one specific example.