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

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Finance

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

RA = 0.12 +0.640RM + eA

RB = 0.04 + 1.464RM + eB

M = 0.300

(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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