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.

Let's trace the unfolding process of the punched paper step-by-step:
The last fold is opened symmetrically, which mirrors the cuts across the fold line.

Unfolding completely creates a circular symmetrical arrangement of symmetric cuts or patterns matching across the axes of the folds.

This exact layout of symmetrically distributed punctures corresponds perfectly to Figure A.