6. Suppose that the index model for stocks A and B is estimated from excess returns with the following results:

RA = 2% + 0.70RM + eA

RB = 1.8% + 0.90RM + eB M = 22%;

R-squareA = 0.20; R-squareB = 0.15

What are the covariance and correlation coefficient between the two stocks? (Calculate using numbers in decimal form, not percentages. Do not round intermediate calculations. Round your answers to 4 decimal places.)

Covariance __________??

Correlation coefficient __________??

Answers only please. Fill in the blanks only. Thank you.