What are the products of PIP2 cleavage by phospholipase C, and what is the role of each product?

Both DAG and IP3 remain in the membrane to activate protein kinase C.

DAG remains in the membrane and activates protein kinase C, while IP3 diffuses into the cell to release calcium.

Both DAG and IP3 diffuse into the cell to release calcium.

DAG diffuses into the cell to release calcium, while IP3 remains in the membrane and activates protein kinase C.