22.You are a cattle rancher. Which of the following actions would allow you to lock in the acquisition cost of your cattle feed?

I. Sell a futures contract on cattle.

II. Buy a futures contract on cattle.

III. Buy a futures put option on cattle.

IV. Sell a futures put option on cattle.

A.III only

B.II or IV only

C.I or IV only

D.II or III only

E.I or III only