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You are calculating the risk of ABC stock in relation to the market index and you find ABCs beta is 2.95, the market indexs standard

You are calculating the risk of ABC stock in relation to the market index and you find ABCs beta is 2.95, the market indexs standard deviation is 22%, and the standard deviation of ABCs residual error terms is 46%. What percentage of ABCs total variance is due to systematic risk? Enter your answer rounded to two decimal places. Do not enter % in the answer box. For example, if your answer is 0.12345 or 12.345% then enter as 12.35

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