Please answer True or False for these questions, Thank you.

5. Tailing the hedge involves adjusting for the impact of daily settlement by using the value of the positions instead of simply the quantity involved. 6. The minimum variance hedge ratio is calculated based on the statistical relationship between the spot price of the underlying asset and the futures price on the contract being used for the hedge. 7. Basis risk is the risk that arises from the possibility that the clearing house function of the futures market will fail leading to a trader not receiving the payoff due on a contract position. 8. A weakening of the basis is the term used to describe a situation in which the size of the basis has decreased. 5. Tailing the hedge involves adjusting for the impact of daily settlement by using the value of the positions instead of simply the quantity involved. 6. The minimum variance hedge ratio is calculated based on the statistical relationship between the spot price of the underlying asset and the futures price on the contract being used for the hedge. 7. Basis risk is the risk that arises from the possibility that the clearing house function of the futures market will fail leading to a trader not receiving the payoff due on a contract position. 8. A weakening of the basis is the term used to describe a situation in which the size of the basis has decreased