1. Who will lose if the price of an underlying asset falls? A. the seller of a futures contract B. the buyer of a put C. the writer of a put D. the buyer of a futures contract E. both Band C 2. The purchaser of a stock option A. has the right to exercise the option B. has the obligation to exercise the option C. makes a profit regardless of the outcome of the underlying D. has the right to buy or sell a certain number of underlying shares E. both A and D 3. The maker of a put or call is the A. company which issued the underlying security B. person who facilitates the trade C. party who writes the option D. party who decides whether or not the option is exercised