Can you tell me if the following are true or false?

4.A trader who is speculating in the derivatives market is doing so to reduce the risk arising from exposure to the underlying asset.

9.A short futures hedge is appropriate when a company plans to sell the underlying asset in the future and faces the risk that the asset price will decrease.

11.If the term structure of interest rates is upward sloping, the forward rate for the period between 3.75 and 4 years exceeds the 4 year zero rate.