Which column (1-5) in the following table best describes the position of a short hedger who uses a futures contract to hedge an exposure in the underlying physical commodity? 1 fall fall risel rise risel loss loss loss gain loss If prices later _?_ the short hedger will realise a _?__ in the spot market and the short hedger will realise a _?__ in the futures market A. column 1. loss gain gain gain loss OB. column 5. OC. column 4. D. column 3. E. column 2