Step 1: Understanding the dispersion condition.
When two prisms are combined to produce dispersion without deviation, the total deviation produced by both prisms must cancel each other out. This means that the deviation produced by the first prism (\( \delta_1 \)) is exactly balanced by the deviation produced by the second prism (\( \delta_2 \)). The deviation for a prism is given by:
\[
\delta = (\mu - 1) A
\]
where \( \mu \) is the refractive index of the prism, and \( A \) is the angle of the prism.
Step 2: Setting up the equation.
For no deviation, the deviations must cancel out:
\[
(\mu_1 - 1) A_1 = (\mu_2 - 1) A_2
\]
Substituting the given values:
\[
(1.54 - 1) 4 = (1.72 - 1) A_2
\]
\[
0.54 \times 4 = 0.72 \times A_2
\]
\[
A_2 = \frac{2.16}{0.72} = 3 \, \text{°}
\]
Step 3: Conclusion.
Thus, the angle of \( P_2 \) is 3°. Therefore, the correct answer is (4).