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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 11.0 % 33

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

Portfolio RP P P
X 11.0 % 33 % 1.45
Y 10.0 28 1.20
Z 8.1 18 0.75
Market 10.4 23 1.00
Risk-free 5.2 0 0

Assume that the correlation of returns on Portfolio Y to returns on the market is 0.66. 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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