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Which of the following is (are) true regarding the empirical evidence of hedging? ) Roughly half of nonfinancial firms report using derivatives, with usage greater

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Which of the following is (are) true regarding the empirical evidence of hedging? ) Roughly half of nonfinancial firms report using derivatives, with usage greater among large firms I) Among firms that do use derivatives, less than 25% of perceived risk is hedged, with firms more likely to hedge short-term risks IlI) Firms with more investment opportunities are less likely to hedge IV) Firms that use derivatives may have a higher market value, more leverage, and lower interest costs. O 1,11 and IIl only O 1,11 and IV only O1,111 and IV only OAll of above

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