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

R_A = 3% + 0.7R_M + e_A

R_B = 2% + 1.2R_M + e_B

_M = 20%; R-square_A = 0.20; R-square_B = 0.12

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