Interpret the figure below: According to this figure, firms can minimize the cost of capital by

a. investing more in the global markets

b. minimizing IRR (internal rate of return)

c. taking not local but only global investment projects

d. attracting more local investors

12. (5 points) The less correlated the securities in a portfolio,

A) the lower the portfolio risk.

B) the higher the portfolio risk.

C) the lower the unsystematic risk.

D) the higher the diversifiable risk.