Please choose the best hedging strategy if you want to buy one share of stock in 2 years.

A. Short one 3-year futures contract, and close it out in 2 years.

B. Short one 5-year futures contract, and close it out in 2 years.

C. Short one 1-year futures contract, and roll it over for another one year.

D. Short 3-year futures contract, and close it out in 2 years, with an optimal hedge ratio.

Please choose the most correct statement.

A. Arbitragers are risk neutral

B. Speculators are risk taking

C. Hedgers are risk averse

D. All of the above are correct