Given a text T, and several options, according to the question posed in the text T to choose the most appropriate option from the options as the answer, please directly output the most appropriate option, do not need to output the explanation.

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?
Option A:Neither statement violated the Code and Standards.
Option B:Only statement I violated the Code and Standards.
Option C:Only statement II violated the Code and Standards.

Answer: C