Using the information in questions 13 and 14, what is your best estimate of the correlation between stocks A and B? Note that correlation is shown as a number rather than a percentage.

For reference:

The expected rate of return on the market portfolio is 13.25% and the riskfree rate of return is 3.00%. The standard deviation of the market portfolio is 18.75%.

Stock A has a beta of 1.95 and a standard deviation of return of 42%. Stock B has a beta of 3.75 and a standard deviation of return of 70%. Assume that you form a portfolio that is 60% invested in Stock A and 40% invested in Stock B.