What would be the major product of the following reaction?

Question

Quizplus · Accepted Answer

The reaction involves substitution of the hydroxyl group on the benzene ring with the nucleophilic iodide ion. This leads to the formation of compound III, which is the major product. The other possible products (I, II, IV, and V) arise from additional substitution reactions at different positions on the benzene ring, but these reactions are less favored due to steric hindrance and/or electronic effects.

What Would Be the Major Product of the Following Reaction