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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 12.5 % 38

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

Portfolio RP P P
X 12.5 % 38 % 1.45
Y 11.5 33 1.15
Z 9.4 23 0.80
Market 11.9 28 1.00
Risk-free 6.2 0 0

Assume that the correlation of returns on Portfolio Y to returns on the market is 0.89. What is the percentage of Portfolio Ys return that is driven by the market? (Round your answer to 4 decimal places.)

Information Ratio _____

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