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In the circuit shown, the switch is momentarily closed and then opened. Assuming the logic gates to have equal non-zero delay, at steady state, the logic states of X and Y are

  1. $X$ is latched, $Y$ toggles continuously
  2. $X$ and $Y$ are both latched
  3. $Y$ is latched, $X$ toggles continuously
  4. $X$ and $Y$ both toggle continuously
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