Question: The below questions relate to auto loan-backed securities. Answer each one. (a) What is the cash flow for an auto loan-backed security? (b) Why are

The below questions relate to auto loan-backed securities. Answer each one.
(a) What is the cash flow for an auto loan-backed security?
(b) Why are prepayments of minor importance for automobile loan-backed securities?
(c) How are prepayments on pools of auto loans measured?

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