Which one of the following statements regarding price return and total return is incorrect?

a) Total return considers dividends paid to the shareholder.

b) A stock's price return is the same as its total return if the stock does not pay any dividends.

c) Price return = (P_t - P_t-1)/P_t-1

d) Total return = (P_t - DVD_t-1,t - P_t-1)/P_t-1