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You are given the following information concerning three portfolios, the market portfolio, and the risk-free asset: Portfolio R p p p X 16.0 % 32

You are given the following information concerning three portfolios, the market portfolio, and the risk-free asset:

Portfolio Rp p p
X 16.0 % 32 % 1.90
Y 15.0 27 1.25
Z 7.3 17 .75
Market 11.3 22 1.00
Risk-free 5.8 0 0

Assume that the correlation of returns on Portfolio Y to returns on the market is .83. What percentage of Portfolio Ys return is driven by the market? (Enter your answer as a decimal not a percentage. Round your answer to 4 decimal places.)

R-Squared =

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