- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 45. Introduction to Asset-Backed Securities
- Subject 7. Non-Mortgage Asset-Backed Securities
CFA Practice Question
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
Correct Answer: I, IV and V
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