background color not cascading

[CODE]
<div style=”background-color: red;”>
this is red
<div style=”float:left;”>this isn’t</div>
<div style=”float:right;”>and<p>neither<p>is</p>this</p></div>
</div>
[/CODE]

I would think that both of the nested div’s would have a red background. They don’t. It is as if the first div is closed before the second div starts.

?

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