A hedger uses a long hedge and lifts it at Time $2$ as planned. Which is true?

Group of answer choices

if prices fell between Time $1$ and Time $2$ instead of rising, as the hedger was worried about, the decision to hedge could not have been a prudent decision

the decision to hedge is prudent whether prices rose or fell, because the hedge served its purpose of eliminating basis risk and it did so with no chance of margin calls.

even if prices fell, which isn$$t what they were worried about, locking in a price on some of the bushels they need to buy might have been a prudent business decision because they eliminated price risk on those bushels

If prices rose between Time $1$ and Time $2,$ the decision to place the hedge was not prudent because the hedger now has to pay more for the cash commodity