Which of the Following Is True? Choose One $y$ -Axis) Is Regressed Against the Futures Price on The

Which of the following is true? choose one.

A) The optimal hedge ratio is the slope of the best-fit line when the spot price on the $y$ -axis) is regressed against the futures price on the
$x$ -axis) .
B) The optimal hedge ratio is the slope of the best-fit line when the futures price on the $y$ -axis) is regressed against the spot price on the
$x$ -axis) .
C) The optimal hedge ratio is the slope of the best-fit line when the change in the spot price on the $y$ -axis) is regressed against the change in the futures price on the
$x$ -axis) .
D) The optimal hedge ratio is the slope of the best-fit line when the change in the futures price on the $y$ -axis) is regressed against the change in the spot price on the
$x$ -axis) .