Realizing Alexander polynomials by hyperbolic links

We realize a given (monic) Alexander polynomial by a (fibered) hyperbolic arborescent knot and link having any number of components, and by infinitely many such links having at least 4 components. As a consequence, a Mahler measure minimizing polynomial, if it exists, is realized as the Alexander polynomial of a fibered hyperbolic link of at least 2 components. For a given polynomial, we also give an upper bound for the minimal hyperbolic volume of knots/links realizing the polynomial and, in the opposite direction, construct knots of arbitrarily large volume, which are arborescent, or have given free genus at least 2.