Question

capital appreciation refers to
the increased value of an asset.
the ability to make a profit from owning stock.
the distribution of earnings to shareholders.
the profitable sale of shares.

Explanation:

Capital appreciation is defined as the rise in the value of an asset. The other options describe different financial concepts. The ability to make a profit from owning stock is a general return concept. The distribution of earnings to shareholders is dividends. The profitable sale of shares is a result that could involve capital appreciation but is not the definition of capital appreciation itself.

Answer:

the increased value of an asset.