33. Which of the following is NOT recorded on the SFP? intangible where the company may not control the benefit lease commitments hazardous waste cleanup onerous contracts 34. Hedging in the futures markets can reduce all risk if: A. price movements in both the cash and futures markets are perfectly correlated. B. price movements in both the cash and futures markets have zero correlation. C. price movements in both the cash and futures markets are less than perfectly correlated. D. the hedge is a short hedge, but not a long hedge. E. the hedge is a long hedge, but not a short hedge. 35. A mortgage banker had made loan commitments for $10 million in 3 months. How many contracts on Treasury bonds futures must the banker write or buy? A. Go short 10 . B. Go short 100 . C. Go long 10 . D. Go long 100