Consider the following reaction:
Statement $I$: In the above reaction,the product formed will be a mixture of benzyl alcohol and iodobenzene.
Statement $II$: In the above reaction,the $-O-CH_2-$ bond is cleaved to give the product.
In the light of the above statements,choose the correct answer from the options given below:

• A
  Both Statement $I$ and Statement $II$ are true
• B
  Both Statement $I$ and Statement $II$ are false
• C
  Statement $I$ is true but Statement $II$ is false
• D
  Statement $I$ is false but Statement $II$ is true