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Select the correct statements for the process of budding in yeast:
I. A bud arises from a particular region on a parent body.
II. A parent cell divides into two daughter cells, here the parental identity is lost.
III. Before detaching from the parent body a bud may form another bud.
IV. A bud when detaches from the parent body grows into a new individual.
I, II and III
II, III and IV
III, IV and I
IV, I and II