Consider the following reaction sequence:
$\text{But-2-ene}$ $\xrightarrow{\text{ozonolysis}} X$ $\xrightarrow[(ii) H_3O^+]{(i) CH_3MgBr} Y$ $\xrightarrow[573 \ K]{Cu} Z$
The correct statements about $Z$ are:
$I$. It gives yellow precipitate with $I_2$ and $NaOH$ solution.
$II$. It undergoes disproportionation reaction in the presence of concentrated $NaOH$ solution.
$III$. It undergoes Wolff-Kishner reduction.
$IV$. It forms red precipitate with Fehling's reagent.

• A
  $I$ & $II$ only
• B
  $II$ & $III$ only
• C
  $I$ & $IV$ only
• D
  $I$ & $III$ only