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Consider the following information concerning three portfolios, the market portfolio, and the risk-free asset Portfolio Ap ap-del 12.0% 11.0 7.3 11.4 33% 1.95 28 1.25

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Consider the following information concerning three portfolios, the market portfolio, and the risk-free asset Portfolio Ap ap-del 12.0% 11.0 7.3 11.4 33% 1.95 28 1.25 18 60 23 1.00 Market Risk-free 6.8 Assume that the correlation of returns on Portfolio Y to returns on the market is.84. What is the percentage of Portfolio Y's return that is driven by the market? (Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.) Y's return explained by market

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