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A portfolio is composed of two stocks, A and B. Stock A has a standard deviation of return of 24%, while stock B has a

A portfolio is composed of two stocks, A and B. Stock A has a standard deviation of return of 24%, while stock B has a standard deviation of return of 18%. Stock A comprises 60% of the portfolio, while stock B comprises 40% of the portfolio. If the variance of return on the portfolio is 0.041, the correlation coefficient between the returns on A and B is __________.

Please report your answer to 5 decimal places (1.2345)

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