Proof: a floater is always worth par
Par:	$100
		Coupon/					Cash Flow
	Year	LIBOR		Coupon	Par		FV	PV
	1	5%		$5.00			$5.00	$4.76
	2	9%		$9.00			$9.00	$7.86
	3	3%		$3.00	$100.00		$103.00	$87.37
								100