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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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