Which among the following compounds has the highest solubility in water?

In the reaction of phenol with $NaOH(aq)/Br_2$,the intermediate$(s)$ is(are):

Identify $X$ and $Y$ in the following reactions:

The reaction of concentrated $HNO_3$ with phenol forms:

The reactivity of compound $Z$ with different halogens under appropriate conditions is given below:
(Image of reaction: $Z$ ($3$-tert-butylphenol) reacts with $X_2$ to give mono-halo derivative for $X_2 = I_2$,di-halo for $X_2 = Br_2$,and tri-halo for $X_2 = Cl_2$)
The observed pattern of electrophilic substitution can be explained by:
$A$. The steric effect of the halogen
$B$. The steric effect of the tert-butyl group
$C$. The electronic effect of the phenolic group
$D$. The electronic effect of the tert-butyl group

Reaction of phenol with $NaOH$ followed by heating with $CO_{2}$ under high pressure,and subsequent acidification gives compound $X$ as the major product,which can be purified by steam distillation. When reacted with acetic anhydride in the presence of a trace amount of conc. $H_{2}SO_{4}$,compound $X$ produces $Y$ as the major product. Compound $Y$ is $....$