Informational efficiency, accounting homework help

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Question 1

Informational efficiency is a measure of how quickly and accurately markets react to new information.

True or False ? And give reasons to question one and two.

Question 2

Theleast restrictive form of the efficient market hypothesis (EMH) isknown as weak form efficiency, which states that security prices reflectonly publicly known information – not any private information.

True or False ?

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