Electronics, Inc. common stock returned a nifty 22.68% rate of return last year. The dividend amount was $0.25 a share which equated to a dividend yield of 0.84%. What was the rate of price appreciation (capital gain) for the year?

A) 21.84 percent

B) 22.38 percent

C) 22.60 percent

D) 22.87 percent

E) 23.52 percent