Does a stock's absolute price level actually matter? There's an ongoing debate over the premise. Some investors argue that bigger stock prices reflect higher-quality companies. Others say a stock's price is purely arbitrary, in the same sense that four quarters is the equivalent of holding a single dollar bill.

The thing is, regardless of the pros and cons of a big-number stock price, it's easier to buy a more meaningful number of shares when a stock's price is relatively low. For investors without a ton of cash to work with at any given time, the lower the price, the more shares that can be purchased.

If that's where you are right now, here's a closer look at three different ownership-worthy stocks that can all be bought for less than $20 apiece.

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Source Fool.com