8/14/2019 Pricing CDOs With a Smile

1/25

8/14/2019 Pricing CDOs With a Smile

2/25

8/14/2019 Pricing CDOs With a Smile

3/25

8/14/2019 Pricing CDOs With a Smile

4/25

8/14/2019 Pricing CDOs With a Smile

5/25

8/14/2019 Pricing CDOs With a Smile

6/25

8/14/2019 Pricing CDOs With a Smile

7/25

8/14/2019 Pricing CDOs With a Smile

8/25

8/14/2019 Pricing CDOs With a Smile

9/25

8/14/2019 Pricing CDOs With a Smile

10/25

8/14/2019 Pricing CDOs With a Smile

11/25

8/14/2019 Pricing CDOs With a Smile

12/25

8/14/2019 Pricing CDOs With a Smile

13/25

8/14/2019 Pricing CDOs With a Smile

14/25

8/14/2019 Pricing CDOs With a Smile

15/25

8/14/2019 Pricing CDOs With a Smile

16/25

8/14/2019 Pricing CDOs With a Smile

17/25

8/14/2019 Pricing CDOs With a Smile

18/25

8/14/2019 Pricing CDOs With a Smile

19/25

8/14/2019 Pricing CDOs With a Smile

20/25

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21/25

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22/25

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23/25

8/14/2019 Pricing CDOs With a Smile

24/25

8/14/2019 Pricing CDOs With a Smile

25/25