Please answer the following problems

1. Discuss the tradeoff between dividends and growth; elaborate on the use and limitations of the Dividend-Discount model. (At least 60 words)

2. What is the efficient markets hypothesis, what are its three forms, and what are its implications?(At least 60 words)

Answer 9-1, 9-2, 9-3, 9-4, 9-5, 9-6, 9-7, 9-8, 9-9, 9-10