Suppose that the index model for stocks A and B is estimated from excess returns with the following results: RA = 1.6% + 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?

(Do not round intermediate calculations. Calculate using numbers in decimal form, not percentages. Round your answers to 4 decimal places.)