Which of the following factors is $($are$)$ often considered to be a problem with hedged positions?

I. Uncertainty with roll$-$over of the hedging instrument

II$.$ Perfect correlation between the asses and the hedging instrument

III. Certainty with the date of the underlying asset's purchase or sale

IV$.$ Imperfect correlation between the hedged asset and the hedging instrument

$($A$)$ I and II only.

$($B$)$ II and III only.

$($C$)$ I and IV only.

$($D$)$ I only.