9. Which of the following statements is/are true ?

i) A hedger who wishes to buy a commodity in the future and trading in futures contracts wishes the basis to be as high as possible at the time of closing the futures contract.

ii) A hedger who wishes to sell a commodity in the future and trading in futures contracts wishes the basis to be as high as possible at the time of closing the futures contract.

A. i only

B. ii only

C. Both

D. None