8

Consider the following scenarios. Scenario I. On November 25, there were 1,817 stocks that advanced on the NYSE and 1,539 that declined. The volume in advancing issues was 400,633,941 while the volume in declining issues was 358,694,244. Scenario II. Yields on top-rated corporate bonds was 4% this year and 4.25% last year. Yields on intermediate-grade corporate bonds was 5.25% this year and 5% last year. Scenario III. The put-call open interest ratio for GM stock on November 25 was 0.55 while its average over the past six months was 0.75. Which of the above are indicative of market or investor optimism? a. III only. b. I and III. c. II and III. d. I and II. e. II only. f. I only