请问II如何修改就是正确的呢？

问题如下：

Grey recommends the purchase of a mutual fund that invests solely in long-term US Treasury bonds. He makes the following statements to his clients:

i. "The payment of the bonds is guaranteed by the US government; therefore, the default risk of the bonds is virtually zero."

ii. "If you invest in the mutual fund, you will earn a 10% rate of return each year for the next several years based on historical performance of the market."

Did Grey’s statements violate the CFA Institute Code and Standards?

选项：

A.

Neither statement violated the Code and Standards.

B.

Only statement I violated the Code and Standards.

C.

Only statement II violated the Code and Standards.

解释：

C  is correct.

This question involves Standard I(C) –Misrepresentation. Statement I is a factual statement that discloses to clients and prospects accurate information about the terms of the investment instrument. Statement II, which guarantees a specific rate of return for a mutual fund, is an opinion stated as a fact and, therefore, violates Standard I(C). If statement II were rephrased to include a qualifying statement, such as "in my opinion, investors may earn . . . ," it would not be in violation of the Standards.