Let T0, T1, , Tn be a sequence of times with Ti 1 Ti for a constant 0 A floating rate bond with notional 1, start date T0 and maturity Tn pays libor coupons of LTi Ti,Ti at times Ti 1 for i 0,1, ,n1, and notional 1at Tn Using a replication argument, find the forward price at t for the floating rate bond (for a forward contract with maturity T) where t Do not copy from Chegg I need a proper explanation

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Question: Let T0, T1, . . . , Tn be a sequence of times with Ti+1 = Ti + for a constant > 0. A floating

Let T0, T1, . . . , Tn be a sequence of times with Ti+1 = Ti + for a constant > 0. A floating rate bond with notional 1, start date T0 and maturity Tn pays libor coupons of LTi[Ti,Ti+] at times Ti+1 for i=0,1,...,n1, and notional 1at Tn.

Using a replication argument, find the forward price at t for the floating rate bond (for a forward contract with maturity T) where t
Do not copy from Chegg. I need a proper explanation.

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