Rookie question

I have a All Star spinning rod that has a tennessee cork handle on it. The cork is old and ruined. I am going to order a new tennessee cork handle piece. I want to cut off the old and add on the new cork. I have a a couple of questions. The rod blank diameter is .500. The inner hole in the new cork is .260. Would you take a .5" long drill bit and drill out the 10" long cork handle? I know thats sounds dumb but those are the dimensions. The other question is what glue should I use to glue the cork handle on with? Thanks

a drill bit may work but make sure it doesnt shave more off of one side. Flex coat makes a pilot drill bit that works good for increasing the inner diameter of the cork, . i also flex coat rod builders epoxy is what i use to secure handles to the blank

here is the link to the pilot hole drill bit. http://www.flexcoat.com/products/reel-seat-arbors/.

Dillon ><>