Concerning portfolios-market portfolio and risk-free asset

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Consider the following information concerning three portfolios, the market portfolio, and the risk-free asset: Portfolio RP σP βP X 14.5 % 36 % 1.60 Y 13.5 31 1.30 Z 9.1 21 .80 Market 10.7 26 1.00 Risk-free 5.4 0 0 Assume that the correlation of returns on Portfolio Y to returns on the market is .72. What is the percentage of Portfolio Y’s return that is driven by the market? (Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Reference no: EM131537026

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