Problem $13-5$ R$-$Squared $($LO$1,$ CFA$5)$

Skipped

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

asset:

Assume that the correlation of returns on Portfolio $Y$ to returns on the market is $0\mathrm{.}80.$ What percentage of

Portfolio Y$\text{'}$s return is driven by the market?

Note: Enter your answer as a decimal not a percentage. Round your answer to $4$ decimal places.

R$-$squared