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 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 )

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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	R_P		_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.)

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