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The index model has been estimated for stocks A and B with the following results: RA = 0 . 1 2 + 0 . 6

The index model has been estimated for stocks A and B with the following results:
RA =0.12+0.615RM + eA
RB =0.04+1.424RM + eB
\sigma M =0.275
\sigma (eA)=0.20
\sigma (eB)=0.10
What is the correlation coefficient between the two stocks?
Note: Round your answer to 4 decimal places.

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