Plans that call for the automatic reinvestment of shareholder cash dividends in more shares of the company stock are called ________

A) DRIPs
B) ACORNs
C) STRIPs
D) IPOs

Answer: A
Explanation: A) A DRIP is a Dividend Reinvestment Plan. ACORN stands for Association of Community Organizations for Reform Now. A STRIP stands for Separate Trading of Registered Interest and Principal Securities. IPOs are initial public offerings.

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