Discuss the below in detail:
Q1. Explain how three forms of Effective Market Hypothesis (EMH) can be explained by this graph respectively, and why?
Q2. The TNC News Co. paid the last dividend (D0) of $2/share, and the dividend is expected to grow at a rate of 20% over the next 3 years. It will then grow at a normal, constant rate of 4% for the future. The rate of return is 15%. What should the stock price be today?
Attachment:- Effective Market Hypothesis.rar