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Analyze the statements about the fragments in uppercase letters in Text 1, then choose the correct option. I – All of the fragments in uppercase letters are examples of the Simple Past tense. II – All of the fragments in uppercase letters refer to past actions in some way. III – In “have initiated”, the verb tense refers to a recent action at the time the news was written. IV – None of the fragments in uppercase letters contain a past participle form. V – The verb “created” is used in this verb tense because it refers to a past action in a specific time.