Suppose that the british stock market is integrated with the rest of the world and stansfield company has made its shares tradable internationally via cross-listing on the nyse. using the capm and a risk-free rate of 5%, estimate the equity cost of capital for stansfield. correlation coefficients stansfield england world sd (%) er (%) stansfield 1. 00 0. 90 0. 60 20 ? england 1. 00 0. 80 18 14 world 1. 00 15 12