Given the following data, what is the correlation coefficient between the two stocks and the Beta of stock A? Standard deviation of returns of Stock A is 10.04% Standard deviation of returns of Stock B is 2.05% Standard deviation of the market is 3.01% Covariance between the two stocks is 0.00109 Covariance between the market and stock A is 0.002
A.
Correlation Coefficient:0.5296 Beta (stock A):0.06
B.
Correlation Coefficient:0.6556 Beta (stock A):2.21
C.
Correlation Coefficient:0.5296 Beta (stock A):2.21
D.
Correlation Coefficient:0.6556 Beta (stock A):0.06