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Basic Question 2 of 3
The cash flow for auto loan-backed securities typically consists of ______.
II. fees
III. penalties
IV. regularly-scheduled principal repayments
V. prepayments
I. interest
II. fees
III. penalties
IV. regularly-scheduled principal repayments
V. prepayments
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Learning Outcome Statements
describe types and characteristics of non-mortgage asset-backed securities, including the cash flows and risks of each type
CFA® 2025 Level I Curriculum, Volume 4, Module 18.