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