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Consider the following information concerning three portfolios, the market portfolio, and the risk-free asset: Portfolio R P P P X 14 % 20 % 1.8

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

Portfolio RP P P
X 14 % 20 % 1.8
Y 13 15 1.30
Z 9.2 5 0.85
Market 11.1 10 1
Risk-free 6.6 0 0

Assume that the correlation of returns on Portfolio Y to returns on the market is 0.8. 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 %

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