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?

When the paper is unfolded first, two stars will appear on the top part of the triangle.

When the paper is unfolded next to the right, two stars will appear on the bottom right similarly towards the side of the triangle.

When the paper is unfolded again to the left, two stars will appear on the bottom left similarly towards the side of the triangle.

$$\therefore\ $$When the paper is unfolded it will appear as shown below

Hence, the correct answer is Option C