Design-prois a firm that has a negative beta. Its equity risk premium is __________ and investors ______________shares of stock ofDesign-proas part of their portfolio because this___________.

Select one:

a.negative; would not want to hold; will increase the variability of their portfolio.

b.positive; would not want to hold; increase the variability of their portfolio.

c.negative; would want to hold; will decrease the variability of their portfolio by providing a hedge against recession risk

d.sometimes positive and sometimes negative and may increase the variability of their portfolio.

e.positive; would want to hold; does not increase the variability of their portfolio.