The index model has been estimated for stocks A and B with the following results: RA = 0.12 +0.630RM + eA RB = 0.04 + 1.448RM + eB σM = 0.290 σ(eA) = 0.20 σ(eB) = 0.10 What is the correlation coefficient between the two stocks? (Round your answer to 4 decimal places.)
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