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Tom Bronson wants to buy a hot, new Tech stock called InnoVest Solutionz. After you advise him of the risks, he decides to buy as

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Tom Bronson wants to buy a hot, new Tech stock called InnoVest Solutionz. After you advise him of the risks, he decides to buy as much as he can without increasing his portfolio's beta ( ) above 1.10. If Tom's current portfolio has =0.75 and a market value of $250,000 and Innovest has = 2.9, what is the maximum amount of Innovest that Tom can buy without increasing his portfolio's above 1.10 ? $32,895 $34,722 $46,053 $48,611 $87,500

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