Which of the following statement is FALSE?

	A.	Geometric average will always be greater than the arithmetic average returns as long as the returns each year are not the same.
	B.	When forecasting future returns, geometric average will have pessimistic view for short-term period forecasts.
	C.	On a short sale, your maximum loss is unlimited.
	D.	If you ignore a margin call when you are using margins account, your broker immediately may sell some of your securities to repay the margin loan.
	E.	Research shows that about 90% of portfolio performance stems from asset allocation.

Which statement is FALSE?

		Money market instruments are short-term instruments, but generally have high default risk and illiquidity problem.
		Asset allocation refers to the allocation of the investment portfolio across broad asset classes.
		Common stock represents an ownership share in a corporation.
		Preferred stock is treated like equity for both tax and accounting purposes.