Correlation Hope Mexico World Std(%) Required return (%) Hope 1 0.7 0.5 20% ?? Mexico 1 0.8 16% 12% World 1 12% 10% Suppose that the Mexican stock market is integrated into the rest of the world. Using the CAPM and a risk-free rate of 5%, estimate the equity cost of capital for Hope. (Select the closest answer.) 9.16796 10.345% 12.545% O 14.650%