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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 12.0 % 33

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

Portfolio RP P P
X 12.0 % 33 % 1.95
Y 11.0 28 1.25
Z 7.3 18 0.60
Market 11.4 23 1.00
Risk-free 6.8 0 0

Assume that the correlation of returns on Portfolio Y to returns on the market is 0.84. What is the percentage of Portfolio Ys return that is driven by the market? (Round your answer to 4 decimal places.)

R-squared _____

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