Simplify. Assume that no denominator is equal to zero.

Answer: FIRST OPTION.
Step-by-step explanation:
For this exercise it is important to remember a property called "Quotient of Powers property".
By definition the Quotient of Powers property states the following:
[tex]\frac{a^m}{a^n}=a^{(m-n)}[/tex]
You can observe the division of [tex]a^m[/tex] and [tex]a^n[/tex]. Since both have the same base "a" , you must rewrite the base and subtract the exponents "m" and "n".
In this case, you have the following expression given in the exercise:
[tex]\frac{4^{12}}{4^{5}}[/tex]
Then, you need to apply the Quotient of Powers property rewriting the base 4 and subtracting the exponents 12 and 5.
Therefore, you get the following result:
[tex]=4^{(12-5)}=4^7[/tex]
You can notice that it matches with the first option.