Question 1 (1 point) Hedgers use futures for which of the following reasons? I. to make a profit, without being obligated to own the underlying commodity II. selling contracts as a means of pre-selling inventories at specified prices III. buying contracts to lock in a price on the underlying commodity they need to own in the future IV. to speculate on interest rates and exchange rates a). II and IV only b) ll and Ill only C) I and II only d) I and III only