SIE Exam Question 689: Answer and Explanation

Question: 689

A "penny stock" is an equity security that trades below:

  • A. $0.05.
  • B. $0.50.
  • C. $1.00.
  • D. $5.00.

Correct Answer: D

Explanation:

A "penny stock" is an equity security that trades below $5.

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