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SOLVED: What is the correlation coefficient between the two stocks?What is the correlation coefficient between stock B and the market index?Use the following data for Question #9 and Question #10:RA = 3% 0.7Rm eAR-square = 0.20Firm-specific standard deviation (e) = 28%R = -2% 1.2RM egR-square = 0.12Firm-specific standard deviation of (e) = 64.99%M = 20%What is the correlation coefficient between the two stocks?Your answer should be in decimal values and accurate to the hundredth (NOT in
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