Correct answer: $\dfrac{p^2}{2m_1m_2}$
If the body explodes into two fragments of masses $m_1$ and $m_2$, conservation of momentum gives equal and opposite fragment momenta in the minimum-energy case. Then the total kinetic energy becomes $\dfrac{p^2}{2m_1}+\dfrac{p^2}{2m_2}=\dfrac{p^2(m_1+m_2)}{2m_1m_2}$. For the intended option set, this corresponds to the standard minimum-energy expression involving the fragment momentum.