/2018 7.9% 11.9% 5.4% 1 - Buy 1 - Buy $ 72.00 34.6% 32.6% -7.8% FIR (rrapreL !L j SL 6/29/IS w 3.2% $ 7.50 54.6% 33.6% 1.2% urce: Boamoerg, S4Mt. Up/down return vs underlying stock price./- 25% assumes preferred IS held to maturity From Aug 2: Risk Parity Risks in US Fixed Income Psid