Which of the following statements is FALSE?

Group of answer choices

A The geometric average return is a better description of the long-run historical performance of an investment.

B The compounded geometric average return is most often used for purposes.

C The geometric average return will always be above the arithmetic average return and the difference grows with the volatility of the annual returns.

D We should use the arithmetic average return when we are trying to estimate an investment's expected return over a future horizon based on its past performance.