Which of the Following Is True When F_0,T < E(S_T)

Multiple Choice

Which of the following is true when F_0,T < E(S_T) ?

A) Occurs when long hedgers outnumber short hedgers.
B) Occurs when short hedgers outnumber long hedgers.
C) The market is said to be in contango.
D) The market is said to be in normal contango.
E) The pure expectations hypothesis holds.