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The index model has been estimated for stocks A and B with the following results: R A = 0.12 +0.650 R M + e A

The index model has been estimated for stocks A and B with the following results:

R_A = 0.12 +0.650R_M + e_A

R_B = 0.04 + 1.480R_M + e_B

_M = 0.310

(e_A) = 0.20

(e_B) = 0.10

What is the correlation coefficient between the two stocks? (Round your answer to 4 decimal places.)

Correlation coefficient _____________

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