2312. If the Dow Jones Industrials had a price appreciation of 6 percent one year and yet Total return for the year was 11 percent; the difference would be due to___________.

the tax treatment of capital gains
the cumulative wealth effect
dividends
profits
✅ The correct answer is C.
If the Dow Jones Industrials had a price appreciation of 6 percent one year and yet Total return for the year was 11 percent; the difference would be due to dividends. A dividend is the distribution of reward from a portion of the company’s earnings and is paid to a class of its shareholders.

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