Consider the following two stocks.

	Probabilities (pi )	Stock "a"	Stock "b"
Recession	p1= 31%	-4%	4%
Normal	p2= 26%	7%	-4%
Boom	p3= 43%	11%	26%

Expected Return

ra = 5.31

rb = 11.38

Standard Deviation

SDa = 6.44

SDb = 13.05

Question:

Using the correct answers from the previous questions, what is the correlation between the two stocks? Enter your answer rounded to 2 decimal places.

Corr(a, b) = ?