Write a report critically exploring the efficient market hypothesis.

Write a report critically exploring the efficient market hypothesis. Your report should consider the different forms of market efficiency and use empirical evidence to provide a critique of the hypothesis Part ii) Using 4 news briefings on any 2 listed companies(on same index) of your choice (2 each), illustrate the efficiency or lack of efficiency in the capital markets. Using one of the companies you have identified above, prepare and present chart(s) of the total shareholder return (TSR) from the share price movement over the past five years. Calculate the average and standard deviation of monthly total shareholder return (TSR) over the five years. Stock market shareholder return graphs should be produced for comparison. Credit is given for correctly incorporating dividend payments into your company’s shareholder returns calculations. In the appendices include the actual tabulated data, correctly sourced and referenced and show your workings. Provide a brief commentary comparing the market returns to your chosen firm. Charts are needed to be created. Calculations for TSR and such are in the guidance powerpoint.