The stock market valies each dollar of level $1,2,3$ assets at $$0\mathrm{.}99,$ $$0\mathrm{.}96,$ and $$0\mathrm{.}65,$ respectively. Which of the following is supported by these findings?

Fair value accounting enhances value relevance of accounting info

Level $3$ asset valuatiton is less reliable than level $1$ or $2$ asset vaulation

Both statements are supported