The following questions relate to home equity loan-backed securities. a. What is the cash flow of a

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The following questions relate to home equity loan-backed securities.

a. What is the cash flow of a closed-end home equity loan-backed security?

b. How are prepayment on these securities measured?

c. What is meant by the prospectus prepayment curve?

d. What have studies found regarding the relationship between prepayments due to refinancing and the credit quality of the underlying borrowers?

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