Am I missing something in the answer guideline?
Question asks to select Point that is least likely correct.
Point A : Adding fixed-income securities to a portfolio is an effective way of obtaining the benefits of diversification, especially because fixed-income correlations with other asset classes are low.
Point B : The regular nature of fixed-income cash flows enables investors to fund future obligations, unless there is a credit event.
Point C : Fixed-income securities can always provide a hedge for inflation, which results in superior risk-adjusted real portfolio returns.
I picked C as being the least correct point but CFAI shows Point B as the answer. Then in the justification, it says " Point C is incorrect because the statement regarding diversification benefits of fixed-income securities is accurate." But Point C never said anything about diversification benefits, Point A mentioned that.