11) (8 points) Use the following data to answer questions (a) - (d). Correlation Coefficients Worldwide Tea UK World SD Worldwide 1.00 0.80 0.60 .20 ? Tea UK 1.00 0.80 .18 .15 World 1.00 .15 11 c) (2 points) Now suppose that the British stock market is integrated with the rest of the world and Worldwide Tea Ltd has made its shares tradable internationally. Using the CAPM and a risk-free rate of 4%, estimate the equity cost of capital for Worldwide Tea Ltd. R