Price doesn't always directly correlate with quality. That's especially true for stocks. Just because a stock has a low share price doesn't mean that it's of low quality.

Actually, the opposite can sometimes be true. There are lots of relatively inexpensive stocks on the market that are high-quality picks for investors. Here are three no-brainer stocks to buy right now for less than $100 each.

You can pick up one share of Bank of America (NYSE: BAC) for around $29. I think it would be money well spent, especially if you're investing for the long term.

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Source Fool.com