| Consider the following statements |
| I. 'Stag' is a speculative person who applies for shares in a new issue expected to be oversubscribed to make profit by selling such shares at a premium. |
| II. Stock is a bundle of fully paid shares put together for convenience. |
| Which of the statement(s) given above is/are correct? |
A) Only I
B) Only II
C) Both I and II
D) None of these
Correct Answer: B
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