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Consider the following information concerning three portfolios, the market portfolio, and the risk-free asset: portfolio return on portfolio standard deviation of portfolio beta x 14.5%

Consider the following information concerning three portfolios, the market portfolio, and the risk-free asset:
portfolio return on portfolio standard deviation of portfolio beta
x 14.5% 35% 1.30
y 13.5 30 1.25
z 8.4 20 .90
market 11.6 25 1.00
risk-free 6.0 0 0

Assume that the correlation of returns on Portfolio Y to returns on the market is .86. What is the percentage of Portfolio Ys return that is driven by the market? (Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

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