The correct answer is formation of four haploid nuclei.
The event occurring during telophase II includes formation of four haploid daughter cells. Telophase II is the final and the fourth stage in meiosis II when the chromosomes reach the opposite poles of the nuclear spindle. During this stage both the daughter cells get divided forming four haploid cells. The development of the nuclear envelope around each set of the chromosome and cytokinesis also takes place during telophase II.
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