Problem 13-5 R-Squared (LO1, CFA7) You are given the following information concerning three portfolios, the market portfolio, and the risk-free asset: Portfolio X Y Z Market Risk-free Rp 13.5% 12.5 9.3 11.5 5.0 R-squared op 34% 29 19 24 0 6p 1.25 1.10 .70 1.00 0 Assume that the correlation of returns on Portfolio Y to returns on the market is 85. What percentage of Portfolio Y's return is driven by the market? (Enter your answer as a decimal not a percentage. Round your answer to 4 decimal ces.)

You are given the following information concerning three portfolios, the market portfolio, and the risk-free asset: Assume that the correlation of returns on Portfolio Y to returns on the market is. 85 . What percentage of Portfolio Y 's return is driven by the market? (Enter your answer as a decimal not a percentoge. Round your onswer to 4 decimal places.)