A piece of paper is folded and punched as shown below in the question figures. From the given answer figures, indicate how it will appear when opened.
When the paper is unfolded first to the right, two circles will appear on the right part similarly.
When the paper is unfolded again to the right, two circles each will appear similarly on the two parts on the right of the paper.
$$\therefore\ $$When the paper is unfolded it will appear as shown below
Hence, the correct answer is Option B
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