Consider the following statements.
1. Transfer and transmission of shares are the same thing.
2. 'Stag' is a speculative person who applies for shares in a new issue expected to be over subscribed to make profit by selling such shares at a premium.
3. Stock is a bundle of fully paid shares put together for convenience.
Which of the statement(s) given above is/are correct?

A. Both 1 and 2

B. Both 2 and 3

C. Only 3

D. Only 2

Answer: Option B