Which of the following is true? 1. If Michael is short on cash he can transfer stock into his Traditional iRA as his annual contribution. II. If Michael is short on cash he can transfer stock into his Roth IRA as his annual contribution. III. A Roth IRA can be a used as an emergency fund even if you are 40 , but there is a penalty. IV. Nondeductible Traditional IRAs are never useful investments because you cannot deduct the contribution. Select one: a. I and II only b. III only, C. III and IV only d. IV only e. I, II and IV