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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 15.5 % 37

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

Portfolio RP P P
X 15.5 % 37 % 1.65
Y 14.5 32 1.30
Z 8.2 22 0.80
Market 10.8 27 1.00
Risk-free 6.4 0 0

Assume that the correlation of returns on Portfolio Y to returns on the market is 0.74. What is the percentage of Portfolio Ys return that is driven by the market? (Round your answer to 4 decimal places.)

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