A paper is folded and punched as shown below. How will it appear when unfolded?

A paper is folded and cut as shown below. How will it appear when unfolded?

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The sequence of folding a piece of paper and the manner in which the folded paper has been cut is shown below. Select a figure from among the given options, which would most closely resemble the unfolded form of the paper.

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The sequence of folding a piece of paper and the manner in which the folded paper has been cut is shown in the following figures. How would this paper look when unfolded?

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