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In the context of performance assessments, what is the most accurate description of the impact that using data with the identified issues has on the results?
A
The average Sharpe ratio of hedge funds is understated and the average Sharpe ratio of real estate funds is overstated.
B
The average Sharpe ratio of hedge funds is overstated and the average Sharpe ratio of real estate funds is also overstated.
C
The average volatility of hedge funds is overstated and the average volatility of real estate funds is also overstated.
D
The average volatility of hedge funds is overstated and the average volatility of real estate funds is understated.