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M.E. Burns is seeking to purchase an asset backed security that is backed by automobile loans. However, Burns is extremely concerned about prepayment risk. Which

M.E. Burns is seeking to purchase an asset backed security that is backed by automobile loans. However, Burns is extremely concerned about prepayment risk. Which of the following factors should least concern Burns?

Insurance payoffs due to thefts or accidents

Borrower pay-offs

Loan refinancing

Trade-ins

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