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could anyone give me the step by step explanation thank you! Stock A is traded in three markets: Market 1; Market 2; and, Market 3.

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could anyone give me the step by step explanation thank you!

Stock A is traded in three markets: Market 1; Market 2; and, Market 3. Market 1 has a variance of uninformed trading of 21,125. Market 2 has a variance of uninformed trading of 20,000. Market 3 has a variance of uninformed trading of 22,000. All else equal, which market is likely to have the greatest amount of informed trading? a. Cannot say - more information is required. b. Market 2 C. Market 1 d. Market 3

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