Consider a mortgage with an initial principal value of $1,000,000. It will make yearly payments for 3 years after which it will be paid off. The annual interest rate is 5%. Take the annual payment to amortize from the loan (you must compute this) and construct a CMO. That is, construct three annual coupon bonds paying an annual coupon rate of 5% with maturities of one, two and three years. What will be the face value of each bond (hint, each will be different).