Question 13 2 pts The right -- but not the obligation -- to sell a stock at a predetermined price during a specified period of time is called a: Brake Put e Future Call Prerogative Question 14 2 pts A living will: Expresses in writing a person's desire to transfer assets to designated heirs Is an oral statement of a person's financial wishes after death Involves a court-appointed legal guardian Summarizes who may live in a person's house after their death States a person's desires with respect to potentially life-saving measures in the event of an accident or illness Question 15 2 pts What is the name of the account that allows you to earn money, pay the relevant income taxes on it, and then invest it until you retire without ever having to pay any additional taxes on your investment gains or original principal? Traditional IRA 529 Plan 757 Plan Futurity Bond Roth IRA My brother-in-law worked as a full-time school teacher in San Diego for 35 years. When he completed his 35 years of service, he retired and now receives -- based on his salary and years of service -- $6,000 per month for the rest of his life. This type of employer-sponsored retirement plan is best described with which of the following phrases: Fixed compensation Defined benefit Perpetual benefit Contingent benefit Defined contribution