(Paper) Consider a floating-rate bond with principal P whose coupon dates are ti, In years from today, equally spaced with te 0. Real-life corporate floating-rate bonds offer a credit spread above the market rate to compensate investors for taking on credit risk. Assume that the coupon rate for all payment dates is the forward rate with a constant spread > 0. If today in an issue date or a coupon date, show that the bond price B can be written as B-P[1+(), where (s) is the compensation for credit risk. (Paper) Consider a floating-rate bond with principal P whose coupon dates are ti, In years from today, equally spaced with te 0. Real-life corporate floating-rate bonds offer a credit spread above the market rate to compensate investors for taking on credit risk. Assume that the coupon rate for all payment dates is the forward rate with a constant spread > 0. If today in an issue date or a coupon date, show that the bond price B can be written as B-P[1+(), where (s) is the compensation for credit risk