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The index model has been estimated for stocks A and B with the following results: RA = 0.12 +0.635RM + eA RB = 0.04 +

The index model has been estimated for stocks A and B with the following results: RA = 0.12 +0.635RM + eA RB = 0.04 + 1.456RM + eB M = 0.295 (eA) = 0.20 (eB) = 0.10 What is the correlation coefficient between the two stocks? (Round your answer to 4 decimal places.)

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