Which of the Following About Hedging Is Incorrect

Multiple Choice

Which of the following about hedging is incorrect?

A) With the Australian future market an investor will have to use a 90-day bank-accepted-bill to hedge commercial paper.
B) In the Australian futures market a borrower will have to use 3-year Treasury bond futures to hedge a loan facility with a term to maturity of 3 to 5 years.
C) A borrower will have to use a 10-year Treasury bond future to hedge an issue of long-term debentures.
D) When prices of 3-year Treasury bond futures varies over time with the prices of long-term debentures this is called spread-commodity hedging.