You are given the following information concerning three portfolios, the market portfolio, and the risk-free...
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Finance
You are given the following information concerning three portfolios, the market portfolio, and the risk-free asset:
Portfolio
RP
P
P
X
13.0
%
30
%
1.30
Y
12.0
25
1.10
Z
7.0
15
0.75
Market
10.1
20
1.00
Risk-free
5.0
0
0
Assume that the correlation of returns on Portfolio Y to returns on the market is 0.71. What is the percentage of Portfolio Ys return that is driven by the market? (Enter your answer in percentage. Round your answer to 2 decimal places.)
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