Referencing Styles : APA Part A Q1.i) What factors determine the expected return of a portfolio? (5 marks) Q1.ii) Distinguish between selection and allocation in the context of portfolio management (5 marks) Part B QB1) Compare and contrast the notions of weak-form, semi-strong-form and strong-form market efficiency. QB2) Critically examine the following concepts: a) Capital Asset Pricing Model b) Arbitrage Pricing Theory QB3) You are asked to read the following journal article and answer questions QB3.a and QB3.b) below: Gharghor, P., Lee Roland and Veeraraghavan, M. (2009) ‘Anomalies and stock returns: Australian evidence’, Accounting and Finance, Vol. 49 pp 555 – 576. a) Explain the patterns (effects) in equity returns? b) According to the above study, what effects can be seen in the Australian market? Explain. You are asked to use similar articles for more information. Part C QC.1.a. Explain the motives behind mergers and takeovers. QC.1.b. Consider the following two quotations.