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A penny stock is defined as any stock that traded for less than $5 per share. Penny stocks are usually small, and trade infrequently. Some

A penny stock is defined as any stock that traded for less than $5 per share. Penny stocks are usually small, and trade infrequently. Some penny stocks trade in the exchange. Compare a penny stock with a stock which is currently included in S&P 500 index, which one would have a wider bid-ask spread? Please explain.

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