11-19.The CPR of passthroughs refers to:

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The CPR of passthroughs stands for Constant Prepayment Rate, which is a measure of how quickly the underlying mortgages in a pool are being paid off or prepaid. It is an important risk factor for investors in mortgage-backed securities. A higher CPR can lead to faster principal paydowns, which can be beneficial for investors if they can reinvest that money at higher yields, but it can also lead to higher reinvestment risk if yields are lower.

11-19.The CPR of Passthroughs Refers To