If no handles exist on either clip, what will the edited transition look like?

When no handles exist on either clip, the edited transition will result in a freeze frame. This occurs because a handle is the extra footage at the beginning or end of a clip that allows for a transition to be created smoothly. Without handles, there is no additional footage to create a flowing transition between the two clips, meaning that the editor cannot effectively blend the end of one clip into the beginning of another.

Instead, what happens is that the last frame of the first clip is held (or "frozen") on the screen for the duration of the transition, creating a still image. This still does not provide a natural flow between the clips, resulting in a lack of motion or action during that transitional moment, hence a freeze frame.

The other options suggest different types of transitions or effects that require specific conditions or footage that isn't present in this scenario, which is why they do not apply here.