FINANCES

1.Define the efficient market hypothesis (EMH). 

2. What are the implications of EMH for corporate managers?

APA 6th edition 

Minimun 450 words, add citations and references.

BOOK REFERENCE: Vernimmen, P., Quiry, P., Dallocchio, M., Le Fur, Y., & Salvi, A. (2014). Corporate finance: Theory and practice, (4th ed). Chichester, West Sussex UK: John Wiley & Sons