Consider the following information concerning three portfolios, the market portfolio, and the risk-free asset:

Portfolio	RP		P		P
X	14	%	39	%	1.5
Y	13		34		1.15
Z	8.5		24		0.9
Market	12		29		1
Risk-free	7.2		0		0

Assume that the tracking error of Portfolio X is 8.9 percent. What is the information ratio for Portfolio X? (Round your answer to 4 decimal place.)

Consider the following information concerning three portfolios, the market portfolio, and the risk-free asset:

Portfolio	RP		P		P
X	12.5	%	34	%	1.5
Y	11.5		29		1.20
Z	7.1		19		0.8
Market	10.5		24		1
Risk-free	6.2		0		0

Assume that the correlation of returns on Portfolio Y to returns on the market is 0.68. What is the percentage of Portfolio Ys return that is driven by the market? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Ys return explained by market

Information ratio