Concerns that residents of Brevard County, Fla., will vote to suspend annual lease payments on a $23.9 million certificates of participation issue sent the stock of MBIA Inc., the parent company of a municipal bond insurer backing the bonds, down 1 3/4 points Wednesday.

MBIA Inc. stock closed at 61 5/8 , a 2.8% decline. MBIA Inc. is the parent company of Municipal Bond Investors Assurance Corp., which insures the bonds.

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