Which of the Following Correctly Completes This Sentence: When Calculating

Multiple Choice

Which of the following correctly completes this sentence: When calculating your return on investment you should ignore _____________.

A) paper gains which you could have obtained by cashing out
B) losses you avoided by not buying a stock that has since decreased in price
C) dividends that have been declared on the stock you own if you have not yet received the dividend
D) paper capital losses that occur
E) fees you are charged in the process of purchasing the asset in question