不懂，total return不是包含分红么？题干中根本没提分红的事

问题如下：

Question A security market index that reports returns based on the reinvestment of income and the change in price of its constituent securities is best described as which type of index?

选项：

A.Total return B.Float-adjusted C.Price return

解释：

Solution

A is correct. A total return index reflects not only the constituent securities’ prices but also the reinvestment of all income since inception.

B is incorrect. Float-adjustment is related to the weighting of constituent securities within the index and is not related to whether the index is reported based on price return or total return.

C is incorrect. A price index reflects only the prices of the constituent securities within the index and excludes the reinvestment of income.