At your discount brokerage firm, it costs $9.95 per stock trade. How much money do you need to buy 100 shares of Ralph Lauren (RL), which trades at $85.13?

Name: At your discount brokerage firm, it costs $9.95 per stock trade. How much money do you need to buy 100 shares of Ralph Lauren (RL), which trades at $85.13?
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The cost of buying 100 shares of Ralph Lauren at $85.13 each is $8,513 (100 * $85.13). Adding the brokerage fee of $9.95 gives a total of $8,522.95.

At Your Discount Brokerage Firm, It Costs $9