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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

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 (β) 1.10. If Tom's current portfolio has β = 0.75 and a market value of $250,000 and InnoVest has β = 2.9.



What is the maximum amount of InnoVest that Tom can buy without increasing his portfolio's β 1.10?

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