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A) Two stocks have annual return volatilities of 35%and 51%. The covariance between their returns Is 0.093. What is the correlation coefficient? Round your answer

A) Two stocks have annual return volatilities of 35%and 51%. The covariance between their returns Is 0.093. What is the correlation coefficient? Round your answer to three decimal places.

B) If the covariance of a stock's returns with market returns is 0.056 and the standard deviation of market returns Is 22%, what is this stock's beta? Round your answer to one decimal place.

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