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The index model has been estimated for stocks A and B with the following results: RA = 0.12 + 0.620RM + eA RB = 0.04

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

RA = 0.12 + 0.620RM + eA RB = 0.04 + 1.432RM + eB M = 0.280 A = 0.2648 B = 0.4132

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

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