Which of the following is not true about speculators, arbitrageurs, and hedgers?

Group of answer choices

A. A hedger will most likely use forward contracts to neutralize risk.

B. A speculator uses derivatives as a way to gamble on market outcomes.

C. An arbitrageur is most interested in price discrepancies between markets.

D. A speculator will most likely use an futures contract to reduce risk they expose.

E. A hedger views a forward contract as a type of insurance policy.