Consider the following asset. When the economy is doing well, the asset gives negative returns. When the economy is doing badly, the asset gives positive returns. Group of answer choices The asset sells at a premium and the covariance term in the equation above is negative The asset sells at a premium and the covariance term in the equation above is positive The asset sells at a discount and the covariance term in the equation above is positive The asset sells at a premium and the covariance term in the equation above is zero The asset sells at a discount and the covariance term in the equation above is negative The asset sells at a discount and the covariance term in the equation above is zero

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