In reference to the futures market, a "hedger"

Group of answer choices

A$)$ attempts to profit from a change in the futures price.

B$)$ wants to avoid price variation by locking in a purchase price of the underlying asset through a long position in the futures contract or a sales price through a short position in the futures contract.

C$)$ stands ready to buy or sell contracts in unlimited quantity.

D$)$ wants to avoid price variation by locking in a purchase price of the underlying asset through a long position in the futures contract or a sales price through a short position in the futures contract, and also stands ready to buy or sell contracts in unlimited quantity.

Group of answer choices

A$)$ mature every month, with daily resettlement.

B$)$ have original maturities of $1,2,$ and $3$ years.

C$)$ have original maturities of $3,6,9,$ and $12$ months.

D$)$ mature every month, without daily resettlement.

Group of answer choices

A$)$ one is traded in Europe and one in traded in the United States.

B$)$ European options can only be exercised at maturity; American options can be exercised prior to maturity.

C$)$ European options tend to be worth more than American options, ceteris paribus.

D$)$ American options have a fixed exercise price; European options' exercise price is set at the average price of the underlying asset during the life of the option.