Please answer True or False for these questions, Thank you.

13. Because forward contracts almost always involve delivery, the issue of basis risk is not a significant problem for hedgers using forward contracts. 14. Even when futures contracts are available on a given underlying asset, it may still be preferable to engage in cross hedging due to market liquidity issues. 15. The techniques used to lay of risk by hedging a portfolio of stocks can also be used to take on additional risk by increasing the sensitivity of the portfolio to changes in the level of the stock market. 16. Hedging with futures involves taking a position in a futures contract whose gains and losses are negatively correlated to the value of the position being hedged