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You are given the following information concerning three portfolios, the market portfolio, and the risk - free asset: Assume that the correlation of returns on

You are given the following information concerning three portfolios, the market portfolio, and the
risk-free asset:
Assume that the correlation of returns on Portfolio Y to returns on the market is 0.72. What
percentage of Portfolio Y's return is driven by the market?
Note: Enter your answer as a decimal not a percentage. Round your answer to 4 decimal places.
R-squared
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