A dividend reinvestment plan (DRIP) A) is offered by most stockbrok

A dividend reinvestment plan (DRIP)

A)

is offered by most stockbrokerage firms, rather than individual companies.
B)

is constructed to acquire a fixed number of shares when dividends are paid.
C)

accomplishes the same objective as dollar cost averaging; i.e., investing a relatively fixed amount of funds at regular intervals.
D)

offers investors the choice of receiving a dividend or having the company buy back some of their shares at a set price.

ANSWER

C