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Market Perspective

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Part 4: Market perspectives [5 marks] a) Qantas announced the full year result 2016 (See Source 1) at 8:42am on 24th August 2016. Considering the share price movements from 23rd-25th August 2016, what would be the implications to the efficient market hypothesis? Which version of the efficient market hypothesis does this event imply? (5 marks)