Name: Shi Yu
ID: 10821504d
Tutor: Ho Ming Lawrence FUNG

Q1:
Definition of efficient market:
The efficient market is defined as a market where competition among investors should work to eliminate all positive-NPV trading opportunities or, equivalently, that securities with equivalent risk should have the same expected return based on their future cash flows, given all information that is available to investors.

Definition of arbitrage:
It is known as the practice of buying the low-priced goods and selling them at higher prices in different markets or in different forms to gain the guaranteed profit with no risk involved.

Definition of three forms of market efficiency:
There are three commonly defined forms in which the efficient market is stated: weak-form efficiency, semi-strong-form efficiency and strong-form efficiency. Weak-form efficiency claims that all past prices of a stock should be reflected in the stock’s current price and thus making it impossible to profit by trading on information in past prices in the long run. Semi-strong efficiency states that share prices should adjust to publicly available new information instantaneously in an unbiased fashion. Therefore no excess returns can be consistently earned by trading on any public information. In strong-form efficiency, the aggregated information in a market, whether public or private, has been taken into account in share prices. Profits exceeding normal returns should not be possibly realized consistently, regardless of any information that investors have access to.

Explanation of difference between each form and perfect market: The common difference might be that: while in a perfect market each participant is assumed to earn normal profits or, equivalently, that competitors’ returns could be regarded as uniformly distributed in the case of identical goods, a non-uniform distribution may emerge in an efficient market, that is to say,...

...declared but is not set to a definite known value before it is used.
Algorithm workbench
3. Write assignment statements that perform the following operations with the variables a, b, and c.
a. Adds 2 to a and stores the result in b
b. Multiplies b times 4 and stores the result in a
c. Divides a by 3.14 and stores the result in b
d. Subtracts 8 from b and stores the result in a
Assignment statements that perform operations with the variables a, b, and c*...

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Chartered Management Institute Approved Centre
Level 5 Extended Diploma in Management and Leadership
Written Assessment – 5
Unit 5001V1
Instruction Sheet
Assignment: Unit 5001V1 – Personal development as a manager and leader
Level: 5
Lecturer: Ian Laing
Date of Issue: 13th May 2015
Date Due In: 26th June 2015
Format: Word Document submitted to:...

...[pic]
ASSIGNMENT SUBMISSION AND ASSESSMENT
_________________________________________________________________________
OUMM3203
PROFESSIONAL ETHICS
(PLEASE EDIT WHERE NECESSARY-THIS IS ONLY SUGGESTIONS FOR THE ASSIGNMENT’S GENERAL INSTRUCTIONS)
_________________________________________________________________________
INSTRUCTIONS TO STUDENTS
1. This assignment contains only ONE (1) question that is set in the language of the printed module for the...

...PT1420 - Unit 5 Homework and Lab Assignment
Unit 5 Assignment 1: Homework
1.) Design an if-then statement that assigns 20 to the variable y and assigns 40 to the variable z if the variable x is greater than 100. (Simple if statement)
If x > 100 then
Y=20
Z=40
End if
2.) Design an if-then statement that assigns 0 to the variable b and assigns 1 to the variable c if variable a is less than 10. (Simple if statement)
3.) Design an if-then-else...

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Week 2 Assignment
Yasir Shakoor
Intermediate Algebra MAT222
Professor Perez
09/01/2014
For our Week 2 assignment, in Intermediate Algebra, we were asked to solve the problem number 68 on page 539 of Elementary and Intermediate Algebra. aside from completing the problem, we were also asked to write a two to three page paper while including the five given vocabulary words for the week. Please see the problem below:
Shipping...

...Solving Proportions
Tara Lint
MAT 222 Week 1 Assignment
Instructor: James Segala
August 18, 2013
Solving Proportions
Proportions exist in the real world. For example, in finding out the price of a unit, or the population of a specific species. The first problem that we are working with states that “. Bear population. To estimate the size of the bear population on the Keweenaw Peninsula, conservationists captured, tagged, and released 50 bears. One year later, a random...

...conEcon345 Money and Banking Assignment 1
Zhongli Sui (Bill) 31438104
a). What is YTM(i) for bond A and B? which one is highest?
Bond A: 1000 = 1001+i + 901+i2 + 80(1+i)3 + 70(1+i)4 + 60(1+i)5 + 600(1+i)5
i(A) = 0
Bond B: 1000 = 1001+i + 1001+i2 + 100(1+i)3 + 100(1+i)4 + 40(1+i)5 + 400(1+i)5
i(B) = - 0.04419415
Bond A has higher yield than Bond B. ( 0 > -0.044195)
b). Suppose i=0.05 for both bond A and B, which bond has...

...Running head: WEEK 1
Week One Assignment
Patrick Cain
Mat222: Intermediate Algebra
Joseph Oslakovic
August 27, 2012
Week One Assignment
I will set up two ratios and show an appropriate variable and write the equation. First problem is: Bear population. To estimate the size of the bear population on the Keweenaw Peninsula, conservationists captured, tagged, and released 50 bears. One year later, a random sample of...